Ideal Power Inc. (NASDAQ:IPWR) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Tuesday, July 25th.
A number of other equities research analysts have also recently issued reports on the stock. FBR & Co reiterated a “buy” rating and issued a $6.00 price objective on shares of Ideal Power in a report on Monday, May 15th. Zacks Investment Research lowered shares of 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 currently has a consensus rating of “Hold” and a consensus target price of $5.10.
Shares of Ideal Power (NASDAQ IPWR) traded up 3.24% on Tuesday, reaching $2.23. The company had a trading volume of 188,562 shares. Ideal Power has a 52 week low of $1.91 and a 52 week high of $5.60. The company’s 50-day moving average price is $2.36 and its 200 day moving average price is $2.50. The firm’s market capitalization is $31.21 million.
Ideal Power (NASDAQ:IPWR) last posted 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. Ideal Power had a negative net margin of 895.37% and a negative return on equity of 102.50%. The company had revenue of $0.25 million for the quarter, compared to analysts’ expectations of $0.51 million. On average, analysts expect that Ideal Power will post ($0.86) EPS for the current year.
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An institutional investor recently bought a new position in Ideal Power stock. King Luther Capital Management Corp acquired a new stake in Ideal Power Inc. (NASDAQ:IPWR) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 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 as of its most recent SEC filing. 26.78% of the stock is owned by hedge funds and other institutional investors.
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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