iPower (NASDAQ:IPW) Trading 4.6% Higher – Here’s What Happened

iPower Inc. (NASDAQ:IPW)’s stock price traded up 4.6% during mid-day trading on Tuesday . The stock traded as high as $1.2399 and last traded at $1.14. 1,801,218 shares were traded during mid-day trading, an increase of 120% from the average session volume of 820,210 shares. The stock had previously closed at $1.09.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of iPower from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

iPower Price Performance

The company’s 50 day simple moving average is $2.24 and its 200 day simple moving average is $8.11. The company has a quick ratio of 1.38, a current ratio of 1.83 and a debt-to-equity ratio of 0.24.

iPower (NASDAQ:IPW) last issued its quarterly earnings results on Friday, February 20th. The company reported ($1.08) earnings per share for the quarter. The business had revenue of $7.13 million during the quarter. iPower had a negative net margin of 10.35% and a negative return on equity of 26.09%.

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.