StockNews.com initiated coverage on shares of iPower (NYSE:IPW – Free Report) in a research report released on Friday morning. The firm issued a hold rating on the stock.
iPower Stock Down 1.9 %
IPW opened at $0.52 on Friday. The firm has a market capitalization of $15.51 million, a P/E ratio of -2.08 and a beta of 2.70. The firm’s 50 day moving average is $0.55 and its 200-day moving average is $0.56. iPower has a 52-week low of $0.40 and a 52-week high of $1.45.
iPower (NYSE:IPW – Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $16.80 million during the quarter, compared to the consensus estimate of $26.50 million. iPower had a negative return on equity of 37.62% and a negative net margin of 8.88%. Equities analysts expect that iPower will post -0.2 earnings per share for the current fiscal year.
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.
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