iPower (NASDAQ:IPW) Posts Quarterly Earnings Results

iPower (NASDAQ:IPW) posted its quarterly earnings data on Wednesday. The company reported ($0.18) earnings per share for the quarter, Zacks reports. iPower had a negative return on equity of 26.09% and a negative net margin of 10.35%.The business had revenue of $3.50 million for the quarter. During the same period in the previous year, the company earned ($0.70) earnings per share.

iPower Stock Performance

iPower stock traded down $0.21 during trading hours on Wednesday, hitting $0.58. The stock had a trading volume of 1,165,619 shares, compared to its average volume of 715,438. The company has a 50-day moving average of $1.24 and a two-hundred day moving average of $5.10. The company has a quick ratio of 1.38, a current ratio of 1.83 and a debt-to-equity ratio of 0.24. The company has a market cap of $765,600.00, a PE ratio of -0.13 and a beta of 3.03. iPower has a fifty-two week low of $0.52 and a fifty-two week high of $34.65.

iPower shares are going to reverse split before the market opens on Friday, May 22nd. The 1-8 reverse split was announced on Tuesday, May 19th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, May 21st.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wall Street Zen downgraded iPower from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of iPower in a report on Friday, April 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

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.