iPower (NASDAQ:IPW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of iPower (NASDAQ:IPW) from a strong sell rating to a sell rating in a research note released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings restated 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, iPower currently has an average rating of “Sell”.

iPower Stock Performance

NASDAQ IPW opened at $1.87 on Friday. iPower has a 1-year low of $1.76 and a 1-year high of $2,494.80. The company has a market capitalization of $1.76 million, a P/E ratio of -0.00 and a beta of 2.92. The business has a 50 day moving average price of $6.72 and a 200 day moving average price of $56.21. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 1.81.

Insider Buying and Selling

In related news, major shareholder Financial Lp Hrt acquired 1,993 shares of iPower stock in a transaction dated Monday, July 6th. The shares were acquired at an average cost of $18.72 per share, for a total transaction of $37,308.96. Following the completion of the transaction, the insider directly owned 8,898 shares of the company’s stock, valued at $166,570.56. The trade was a 28.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 25.96% of the company’s stock.

About iPower

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.