Ideal Power Inc. (NASDAQ:IPWR) Director Lon E. Bell bought 5,500 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was bought at an average cost of $2.33 per share, for a total transaction of $12,815.00. Following the purchase, the director now directly owns 86,692 shares of the company’s stock, valued at approximately $201,992.36. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Ideal Power Inc. (IPWR) traded down 4.03% during midday trading on Friday, hitting $2.38. The company’s stock had a trading volume of 83,021 shares. Ideal Power Inc. has a 1-year low of $1.91 and a 1-year high of $5.60. The company’s market cap is $33.31 million. The company has a 50-day moving average price of $2.42 and a 200 day moving average price of $2.51.
Ideal Power (NASDAQ:IPWR) last posted its earnings results on Thursday, August 10th. The industrial products company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.03. The business had revenue of $0.25 million during the quarter, compared to the consensus estimate of $0.51 million. Ideal Power had a negative return on equity of 95.52% and a negative net margin of 895.37%. On average, equities research analysts predict that Ideal Power Inc. will post ($0.89) EPS for the current year.
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IPWR has been the topic of several analyst reports. FBR & Co reissued a “buy” rating and issued a $6.00 target price on shares of Ideal Power in a research note on Monday, May 15th. ValuEngine lowered Ideal Power from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered Ideal Power from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, HC Wainwright set a $4.00 target price on Ideal Power and gave the company a “buy” rating in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Ideal Power has a consensus rating of “Hold” and an average target price of $5.10.
An institutional investor recently bought a new position in Ideal Power stock. King Luther Capital Management Corp bought a new stake in Ideal Power Inc. (NASDAQ:IPWR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 at the end of the most recent reporting period. Institutional investors own 26.99% 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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