Ideal Power Inc (NASDAQ:IPWR) rose 16.5% on Friday . The company traded as high as $0.29 and last traded at $0.28, approximately 293,706 shares traded hands during mid-day trading. A decline of 15% from the average daily volume of 347,458 shares. The stock had previously closed at $0.24.
Separately, ValuEngine raised Ideal Power from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $2.00.
The stock has a fifty day moving average price of $0.34 and a two-hundred day moving average price of $0.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.25 and a quick ratio of 3.37.
Ideal Power Inc develops power conversion solutions with a focus on solar and storage, microgrid, and stand-alone energy storage applications. It operates through two Divisions, Power Conversion Systems and B-TRAN. The Power Conversion Systems Division focuses on its Power Packet Switching Architecture technology.
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