Ideal Power (NASDAQ:IPWR) Share Price Crosses Below Two Hundred Day Moving Average of $8.33

Ideal Power Inc. (NASDAQ:IPWRGet Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.33 and traded as low as $7.06. Ideal Power shares last traded at $7.06, with a volume of 36,686 shares.

Analysts Set New Price Targets

Separately, Benchmark lowered their target price on shares of Ideal Power from $18.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th.

Check Out Our Latest Analysis on IPWR

Ideal Power Trading Down 0.1 %

The firm has a 50-day moving average of $7.43 and a two-hundred day moving average of $8.32. The firm has a market cap of $54.14 million, a price-to-earnings ratio of -4.43 and a beta of 0.95.

Ideal Power (NASDAQ:IPWRGet Free Report) last issued its quarterly earnings results on Wednesday, May 15th. The industrial products company reported ($0.39) EPS for the quarter. Ideal Power had a negative return on equity of 67.87% and a negative net margin of 3,560.07%. The business had revenue of $0.08 million during the quarter.

Hedge Funds Weigh In On Ideal Power

A hedge fund recently bought a new stake in Ideal Power stock. Virtu Financial LLC purchased a new position in Ideal Power Inc. (NASDAQ:IPWRFree Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,107 shares of the industrial products company’s stock, valued at approximately $90,000. Virtu Financial LLC owned about 0.13% of Ideal Power at the end of the most recent reporting period. 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.

Further Reading

Receive News & Ratings for Ideal Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ideal Power and related companies with's FREE daily email newsletter.