Ideal Power (NASDAQ:IPWR) Stock Crosses Below Two Hundred Day Moving Average of $8.25

Ideal Power Inc. (NASDAQ:IPWR)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.25 and traded as low as $6.66. Ideal Power shares last traded at $6.84, with a volume of 12,328 shares.

Wall Street Analysts Forecast Growth

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

Ideal Power Trading Up 2.9 %

The stock has a market capitalization of $54.22 million, a PE ratio of -4.44 and a beta of 0.95. The company’s 50 day simple moving average is $7.35 and its 200 day simple moving average is $8.23.

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

Institutional Trading of Ideal Power

A hedge fund recently raised its stake in Ideal Power stock. Vanguard Group Inc. grew its stake in shares of Ideal Power Inc. (NASDAQ:IPWR) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 268,926 shares of the industrial products company’s stock after purchasing an additional 5,004 shares during the quarter. Vanguard Group Inc. owned 3.50% of Ideal Power worth $2,393,000 at the end of the most recent quarter. Institutional investors own 16.37% of the company’s stock.

About Ideal Power

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.