Ideal Power (NASDAQ:IPWR) Share Price Passes Below Two Hundred Day Moving Average of $8.09

Shares of Ideal Power Inc. (NASDAQ:IPWR) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.09 and traded as low as $7.30. Ideal Power shares last traded at $7.36, with a volume of 11,283 shares.

Ideal Power Price Performance

The business has a 50 day moving average of $7.27 and a 200 day moving average of $8.09. The company has a market cap of $54.71 million, a PE ratio of -4.48 and a beta of 1.04.

Ideal Power (NASDAQ:IPWR) last announced its quarterly earnings results on Wednesday, May 15th. The industrial products company reported ($0.39) EPS for the quarter. The business had revenue of $0.08 million during the quarter. Ideal Power had a negative return on equity of 67.87% and a negative net margin of 3,560.07%.

Institutional Trading of Ideal Power

A number of hedge funds have recently modified their holdings of the business. Bailard Inc. boosted its holdings in shares of Ideal Power by 13.8% during the 2nd quarter. Bailard Inc. now owns 25,615 shares of the industrial products company’s stock valued at $181,000 after buying an additional 3,100 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Ideal Power by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 268,926 shares of the industrial products company’s stock worth $2,393,000 after purchasing an additional 5,004 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Ideal Power in the 1st quarter worth about $90,000. Institutional investors own 16.37% of the company’s stock.

Ideal Power Company Profile

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. It also offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. The company serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets.