iPower (NASDAQ:IPW) Rating Lowered to Strong Sell at Wall Street Zen

iPower (NASDAQ:IPW) was downgraded by analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a note issued to investors on Sunday, Wall Street Zen reports.

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

iPower Stock Up 9.0%

NASDAQ IPW opened at $1.93 on Friday. The company has a quick ratio of 1.81, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. iPower has a 52 week low of $1.53 and a 52 week high of $2,494.80. The firm has a market capitalization of $1.81 million, a price-to-earnings ratio of -0.00 and a beta of 2.92. The company has a fifty day moving average of $5.07 and a two-hundred day moving average of $48.84.

Insider Buying and Selling

In other iPower news, major shareholder Financial Lp Hrt bought 1,993 shares of iPower stock in a transaction on Monday, July 6th. The shares were acquired at an average price of $18.72 per share, for a total transaction of $37,308.96. Following the completion of the purchase, the insider directly owned 8,898 shares in the company, valued at approximately $166,570.56. This trade represents a 28.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by company insiders.

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.