Ideal Power Inc. (NASDAQ:IPWR) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Tuesday, July 25th.
A number of other equities analysts also recently issued reports on the company. FBR & Co reiterated a “buy” rating and set a $6.00 price target on shares of Ideal Power in a research report on Monday, May 15th. Zacks Investment Research downgraded Ideal Power from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Ideal Power has an average rating of “Hold” and an average price target of $5.38.
Shares of Ideal Power (NASDAQ IPWR) traded down 4.07% during midday trading on Tuesday, hitting $2.36. The stock had a trading volume of 156,607 shares. Ideal Power has a 12 month low of $2.00 and a 12 month high of $5.60. The stock’s 50 day moving average price is $2.35 and its 200 day moving average price is $2.51. The firm’s market cap is $33.03 million.
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An institutional investor recently bought a new position 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 disclosure 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 about 0.42% of Ideal Power as of its most recent SEC filing. Hedge funds and other institutional investors own 26.78% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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