Ideal Power (NASDAQ:IPWR) Stock Crosses Above 50-Day Moving Average of $10.21

Ideal Power Inc. (NASDAQ:IPWRGet Rating) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.21 and traded as high as $12.62. Ideal Power shares last traded at $12.14, with a volume of 35,401 shares.

A number of equities research analysts have recently commented on IPWR shares. StockNews.com upgraded shares of Ideal Power to a “sell” rating in a research report on Tuesday, March 1st. Benchmark dropped their price objective on shares of Ideal Power from $28.00 to $18.00 in a research note on Monday, May 23rd.

The stock has a 50-day moving average of $10.21 and a 200 day moving average of $9.57. The stock has a market cap of $71.67 million, a PE ratio of -13.05 and a beta of 0.95.

Ideal Power (NASDAQ:IPWRGet Rating) last posted its quarterly earnings results on Monday, May 16th. The industrial products company reported ($0.31) EPS for the quarter. Ideal Power had a negative return on equity of 23.36% and a negative net margin of 6.76%. The company had revenue of $0.13 million for the quarter.

Several institutional investors have recently bought and sold shares of IPWR. Baird Financial Group Inc. increased its position in shares of Ideal Power by 1.8% during the 4th quarter. Baird Financial Group Inc. now owns 200,131 shares of the industrial products company’s stock worth $2,414,000 after purchasing an additional 3,456 shares during the last quarter. AIGH Capital Management LLC increased its position in shares of Ideal Power by 38.4% during the fourth quarter. AIGH Capital Management LLC now owns 199,732 shares of the industrial products company’s stock valued at $2,409,000 after acquiring an additional 55,385 shares during the last quarter. Gold Dragon Worldwide Asset Management Ltd purchased a new stake in shares of Ideal Power in the 1st quarter valued at approximately $719,000. State Street Corp lifted its holdings in shares of Ideal Power by 7.9% in the 1st quarter. State Street Corp now owns 18,047 shares of the industrial products company’s stock worth $159,000 after acquiring an additional 1,319 shares during the last quarter. Finally, Worth Venture Partners LLC boosted its position in shares of Ideal Power by 14.3% during the 1st quarter. Worth Venture Partners LLC now owns 52,888 shares of the industrial products company’s stock worth $465,000 after purchasing an additional 6,613 shares during the period. 24.60% of the stock is owned by institutional investors and hedge funds.

About Ideal Power (NASDAQ:IPWR)

Ideal Power Inc focuses on the development and commercialization of its B-TRAN technology. It develops Bi-directional bi-polar junction TRANsistor solid state switch technology. The company was formerly known as Ideal Power Converters Inc and changed its name to Ideal Power Inc in July 2013. Ideal Power Inc was incorporated in 2007 and is headquartered in Austin, Texas.

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