Ideal Power Inc. (NASDAQ:IPWR) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Friday.

Several other analysts have also recently commented on IPWR. FBR & Co reiterated a “buy” rating and issued a $6.00 price target on shares of Ideal Power in a research note on Monday, May 15th. Zacks Investment Research cut shares of Ideal Power from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, HC Wainwright set a $4.00 price target on shares of Ideal Power and gave the stock a “buy” rating in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Ideal Power presently has an average rating of “Hold” and a consensus target price of $5.10.

Ideal Power (IPWR) opened at 2.6405 on Friday. Ideal Power has a 1-year low of $1.91 and a 1-year high of $5.60. The company has a 50-day moving average price of $2.46 and a 200-day moving average price of $2.52. The company’s market cap is $36.96 million.

Ideal Power (NASDAQ:IPWR) last announced its quarterly earnings results on Thursday, August 10th. The industrial products company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.20) by $0.03. The company had revenue of $0.25 million during the quarter, compared to analysts’ expectations of $0.51 million. Ideal Power had a negative return on equity of 95.52% and a negative net margin of 895.37%. On average, analysts expect that Ideal Power will post ($0.89) EPS for the current fiscal year.

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A hedge fund recently bought a new stake in Ideal Power stock. King Luther Capital Management Corp purchased a new stake in shares of Ideal Power Inc. (NASDAQ:IPWR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 59,100 shares of the industrial products company’s stock, valued at approximately $192,000. King Luther Capital Management Corp owned 0.42% of Ideal Power at the end of the most recent quarter. Institutional investors own 17.01% of the company’s stock.

About Ideal Power

Ideal Power Inc (Ideal Power) designs, markets and sells electrical power conversion products using its Power Packet Switching Architecture (PPSA) technology. The Company’s PPSA is a power conversion technology that utilizes standardized hardware with application specific embedded software. It sells products to systems integrators for integration into their system, which enable end users to manage their electricity consumption by reducing demand charges or fossil fuel consumption, integrating renewable energy sources and form their own microgrid.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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