Wall Street Zen Downgrades iPower (NASDAQ:IPW) to Strong Sell

iPower (NASDAQ:IPW) was downgraded by Wall Street Zen from a “hold” rating to a “strong sell” rating in a research note issued on Saturday.

iPower Stock Performance

Shares of IPW opened at $1.92 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The firm has a market cap of $2.53 million, a PE ratio of -0.42 and a beta of 3.55. iPower has a 12 month low of $1.90 and a 12 month high of $34.65. The stock has a fifty day moving average price of $5.49 and a 200-day moving average price of $11.36.

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

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.