Analysts at StockNews.com initiated coverage on shares of iPower (NYSE:IPW – Get Rating) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the stock.
iPower Price Performance
Shares of NYSE IPW opened at $1.18 on Monday. iPower has a 1-year low of $1.00 and a 1-year high of $5.47. The business has a fifty day moving average of $1.18.
iPower (NYSE:IPW – Get Rating) last announced its earnings results on Monday, May 16th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $22.81 million during the quarter, compared to analyst estimates of $17.80 million.
About iPower
iPower Inc engages in the online retail of hydroponics equipment in the United States. It offers various products, including advanced indoor and greenhouse grow-light systems, ventilation systems, activated carbon filters, nutrients, growing media, hydroponic water-resistant grow tents, trimming machines, pumps, and accessories for hydroponic gardening, as well as other indoor and outdoor growing products under the iPower and Simple Deluxe brands through its Zenhydro.com website and various third-party e-commerce channels.
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