Wall Street Zen Upgrades iPower (NASDAQ:IPW) to Sell

iPower (NASDAQ:IPW) was upgraded by investment analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of iPower in a research note on Friday, April 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, iPower presently has a consensus rating of “Sell”.

iPower Price Performance

Shares of IPW opened at $3.85 on Friday. The company has a market cap of $2.54 million, a price-to-earnings ratio of -0.07 and a beta of 3.03. iPower has a twelve month low of $3.55 and a twelve month high of $277.20. The company has a quick ratio of 1.81, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average of $8.29 and a two-hundred day moving average of $37.03.

iPower (NASDAQ:IPW) last announced its earnings results on Wednesday, May 20th. The company reported ($1.44) earnings per share for the quarter. The firm had revenue of $3.50 million during the quarter. iPower had a negative net margin of 23.43% and a negative return on equity of 26.96%. During the same period last year, the business posted ($5.60) EPS.

iPower Company Profile

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.