Ideal Power (NASDAQ:IPWR) Stock Price Passes Below Two Hundred Day Moving Average of $11.19

Shares of Ideal Power Inc. (NASDAQ:IPWR – Get Rating) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.19 and traded as low as $10.31. Ideal Power shares last traded at $10.57, with a volume of 2,221 shares trading hands.

Analyst Ratings Changes

Several research analysts recently weighed in on IPWR shares. Benchmark reissued a “buy” rating and issued a $18.00 target price on shares of Ideal Power in a research note on Thursday, March 9th. StockNews.com raised shares of Ideal Power to a “sell” rating in a research note on Tuesday, April 4th.

Ideal Power Stock Performance

The stock has a market capitalization of $66.95 million, a price-to-earnings ratio of -8.89 and a beta of 1.05. The firm has a fifty day moving average of $10.06 and a 200-day moving average of $11.19.

Ideal Power (NASDAQ:IPWR – Get Rating) last announced its quarterly earnings results on Thursday, March 2nd. The industrial products company reported ($0.31) earnings per share (EPS) for the quarter. Ideal Power had a negative net margin of 9,766.25% and a negative return on equity of 41.86%. The company had revenue of $0.02 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Baird Financial Group Inc. grew its stake in Ideal Power by 10.5% during the 4th quarter. Baird Financial Group Inc. now owns 239,328 shares of the industrial products company’s stock valued at $2,561,000 after purchasing an additional 22,768 shares in the last quarter. Bailard Inc. acquired a new stake in Ideal Power during the 4th quarter valued at approximately $191,000. Vanguard Group Inc. grew its stake in Ideal Power by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 235,870 shares of the industrial products company’s stock valued at $2,441,000 after purchasing an additional 6,716 shares in the last quarter. UBS Group AG grew its stake in Ideal Power by 2.6% during the 3rd quarter. UBS Group AG now owns 52,799 shares of the industrial products company’s stock valued at $547,000 after purchasing an additional 1,340 shares in the last quarter. Finally, Worth Venture Partners LLC grew its stake in 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 valued at $465,000 after purchasing an additional 6,613 shares in the last quarter. 20.27% of the stock is owned by institutional investors and hedge funds.

Ideal Power Company Profile

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Ideal Power, Inc engages in the development of power converter solutions for photovoltaic generation, grid-storage and electrified vehicle charging. Its products include solar inverters, bi-directional battery, electric vehicle chargers, photovoltaic inverters and battery converters. The firm has developed the patented Power Packet Switching Architecture power conversion technology.