Ideal Power (NASDAQ:IPWR) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Shares of Ideal Power Inc. (NASDAQ:IPWR) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.36 and traded as low as $3.83. Ideal Power shares last traded at $3.98, with a volume of 75,111 shares changing hands.

Wall Street Analyst Weigh In

IPWR has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ideal Power in a report on Tuesday, June 30th. Wall Street Zen cut Ideal Power from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $10.75.

Ideal Power Price Performance

The company has a 50 day simple moving average of $5.63 and a 200-day simple moving average of $4.36. The firm has a market cap of $65.36 million, a PE ratio of -3.34 and a beta of 1.80.

Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings results on Thursday, May 14th. The industrial products company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.10).

Institutional Trading of Ideal Power

Several hedge funds have recently added to or reduced their stakes in IPWR. AIGH Capital Management LLC boosted its position in Ideal Power by 140.2% during the first quarter. AIGH Capital Management LLC now owns 1,181,696 shares of the industrial products company’s stock valued at $3,344,000 after buying an additional 689,707 shares during the period. AlphaCore Capital LLC purchased a new position in shares of Ideal Power in the fourth quarter worth about $57,000. AWM Investment Company Inc. increased its holdings in shares of Ideal Power by 21.7% in the fourth quarter. AWM Investment Company Inc. now owns 786,094 shares of the industrial products company’s stock worth $2,429,000 after buying an additional 140,349 shares during the period. Vanguard Group Inc. lifted its stake in shares of Ideal Power by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock valued at $1,806,000 after acquiring an additional 16,883 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Ideal Power in the 3rd quarter valued at about $160,000. 16.37% of the stock is owned by institutional investors.

Ideal Power Company Profile

Ideal Power Inc, based in Austin, Texas, specializes in the design and manufacture of advanced power conversion solutions for a range of energy applications. The company’s core technology is its proprietary Coupled Power Delivery (CPD) architecture, which enables efficient bi-directional conversion between DC and DC, as well as DC and AC power streams. These solutions are widely applied in renewable energy systems, energy storage, microgrids, and electric mobility platforms.

Ideal Power’s product lineup includes bi-directional DC converters, solid-state transformers, and intelligent power controllers.