iPower (NASDAQ:IPW) Trading Down 3% – Here’s Why

iPower Inc. (NASDAQ:IPW)’s stock price traded down 3% during trading on Monday . The stock traded as low as $1.5204 and last traded at $1.59. 105,298 shares traded hands during trading, a decline of 48% from the average session volume of 203,036 shares. The stock had previously closed at $1.64.

Wall Street Analyst Weigh In

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

iPower Price Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 1.83. The company’s 50 day moving average price is $3.21 and its 200-day moving average price is $9.57. The company has a market cap of $2.02 million, a price-to-earnings ratio of -0.33 and a beta of 3.54.

iPower (NASDAQ:IPW) last released its earnings results on Friday, February 20th. The company reported ($1.08) EPS for the quarter. The business had revenue of $7.13 million for 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.