Ideal Power Inc. (NASDAQ:IPWR) Director Lon E. Bell purchased 7,800 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average price of $2.65 per share, for a total transaction of $20,670.00. Following the transaction, the director now owns 86,692 shares of the company’s stock, valued at approximately $229,733.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Ideal Power Inc. (NASDAQ:IPWR) traded up 1.17% during mid-day trading on Tuesday, hitting $2.59. 90,643 shares of the stock traded hands. The firm’s 50 day moving average price is $2.47 and its 200 day moving average price is $2.54. The firm’s market cap is $36.25 million. Ideal Power Inc. has a 12-month low of $1.91 and a 12-month high of $5.60.

Ideal Power (NASDAQ:IPWR) last announced its quarterly earnings results on Thursday, August 10th. The industrial products company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ 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 net margin of 895.37% and a negative return on equity of 95.52%. On average, equities research analysts predict that Ideal Power Inc. will post ($0.89) EPS for the current fiscal year.

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Several analysts recently commented on IPWR shares. ValuEngine lowered shares of Ideal Power from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered shares of Ideal Power from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, HC Wainwright set a $4.00 price target on shares of Ideal Power and gave the company a “buy” rating in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $5.10.

An institutional investor recently bought a new position in Ideal Power stock. King Luther Capital Management Corp purchased a new stake in Ideal Power Inc. (NASDAQ:IPWR) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 59,100 shares of the industrial products company’s stock, valued at approximately $192,000. King Luther Capital Management Corp owned approximately 0.42% of Ideal Power as of its most recent SEC filing. Hedge funds and other institutional investors own 17.01% of the company’s stock.

Ideal Power Company Profile

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.

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