iPower (NASDAQ:IPW) Rating Lowered to Strong Sell at Wall Street Zen

iPower (NASDAQ:IPW) was downgraded by stock analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report issued on Sunday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of iPower in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

iPower Trading Down 1.9%

NASDAQ IPW opened at $3.64 on Friday. The business’s fifty day moving average is $16.01 and its 200-day moving average is $98.44. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 1.81. The stock has a market capitalization of $2.84 million, a price-to-earnings ratio of -0.01 and a beta of 3.01. iPower has a one year low of $2.97 and a one year high of $2,494.80.

iPower (NASDAQ:IPW) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($12.96) earnings per share for the quarter. The company had revenue of $3.50 million for the quarter. iPower had a negative net margin of 23.43% and a negative return on equity of 26.96%. During the same period in the prior year, the firm posted ($50.40) EPS.

Insider Buying and Selling at iPower

In other iPower news, major shareholder Financial Lp Hrt bought 1,993 shares of iPower stock in a transaction dated Monday, July 6th. The stock was purchased at an average price of $18.72 per share, for a total transaction of $37,308.96. Following the completion of the purchase, the insider directly owned 8,898 shares of the company’s stock, valued at approximately $166,570.56. This trade represents a 28.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 25.96% of the stock is owned by insiders.

iPower Company Profile

iPower Inc operates as an online retailer and supplier of consumer home, garden, and pet products for commercial businesses and individuals in the United States. The company offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media products. It also provides general gardening products, including environmental sensors and controls; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs.