Ideal Power Inc. (NASDAQ:IPWR - Get Free Report)'s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $4.97 and traded as high as $6.44. Ideal Power shares last traded at $5.97, with a volume of 24,709 shares.
Analyst Upgrades and Downgrades
Separately, Westpark Capital reaffirmed a "hold" rating on shares of Ideal Power in a report on Friday, May 16th.
View Our Latest Stock Report on Ideal Power
Ideal Power Price Performance
The firm has a market capitalization of $48.71 million, a PE ratio of -4.82 and a beta of 1.01. The company's fifty day simple moving average is $5.01 and its 200 day simple moving average is $5.49.
Ideal Power (NASDAQ:IPWR - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The industrial products company reported ($0.30) EPS for the quarter, meeting the consensus estimate of ($0.30). The business had revenue of $0.01 million for the quarter, compared to the consensus estimate of $0.02 million. Ideal Power had a negative net margin of 56,057.89% and a negative return on equity of 56.75%.
Institutional Investors Weigh In On Ideal Power
Institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp lifted its holdings in Ideal Power by 34.4% during the fourth quarter. Northern Trust Corp now owns 13,461 shares of the industrial products company's stock valued at $102,000 after purchasing an additional 3,443 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Ideal Power by 17.8% in the fourth quarter. Baird Financial Group Inc. now owns 278,342 shares of the industrial products company's stock worth $2,101,000 after buying an additional 42,032 shares in the last quarter. AIGH Capital Management LLC lifted its holdings in shares of Ideal Power by 17.6% in the fourth quarter. AIGH Capital Management LLC now owns 823,315 shares of the industrial products company's stock worth $6,216,000 after buying an additional 123,315 shares in the last quarter. LeConte Wealth Management LLC purchased a new stake in shares of Ideal Power in the first quarter worth about $939,000. Finally, XTX Topco Ltd purchased a new stake in shares of Ideal Power in the first quarter worth about $54,000. 16.37% of the stock is owned by hedge funds and other institutional investors.
About Ideal Power
(
Get Free Report)
Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. It also offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. The company serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets.
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