Ideal Power (NASDAQ:IPWR) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Shares of Ideal Power Inc. (NASDAQ:IPWR) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $5.26 and traded as high as $5.81. Ideal Power shares last traded at $5.59, with a volume of 25,287 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on IPWR shares. Weiss Ratings restated a “sell (d-)” rating on shares of Ideal Power in a research report on Tuesday, October 14th. Westpark Capital restated a “hold” rating on shares of Ideal Power in a research report on Tuesday, October 7th. Finally, Wall Street Zen lowered Ideal Power to a “strong sell” rating in a research report on Saturday, October 11th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Ideal Power Trading Down 1.4%

The business has a 50-day simple moving average of $5.26 and a 200 day simple moving average of $5.06. The stock has a market cap of $47.52 million, a P/E ratio of -4.54 and a beta of 1.12.

Ideal Power (NASDAQ:IPWR) last released its quarterly earnings results on Thursday, August 14th. The industrial products company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.08). Ideal Power had a negative net margin of 58,031.58% and a negative return on equity of 66.48%. The company had revenue of $0.01 million during the quarter, compared to the consensus estimate of $0.02 million.

Institutional Investors Weigh In On Ideal Power

A number of institutional investors have recently made changes to their positions in IPWR. Jane Street Group LLC acquired a new position in shares of Ideal Power in the 2nd quarter valued at about $54,000. XTX Topco Ltd acquired a new position in shares of Ideal Power in the 1st quarter valued at about $54,000. LeConte Wealth Management LLC acquired a new position in shares of Ideal Power in the 1st quarter valued at about $939,000. Finally, Baird Financial Group Inc. lifted its stake in shares of Ideal Power by 3.1% in the 1st quarter. Baird Financial Group Inc. now owns 287,055 shares of the industrial products company’s stock valued at $1,493,000 after purchasing an additional 8,713 shares during the period. Institutional investors own 16.37% of the company’s stock.

About Ideal Power

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. It also offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. The company serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets.