Ideal Power Inc. (NASDAQ:IPWR - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.59 and traded as low as $7.31. Ideal Power shares last traded at $7.52, with a volume of 16,735 shares traded.
Ideal Power Stock Down 0.3 %
The stock has a market cap of $57.09 million, a P/E ratio of -4.67 and a beta of 1.07. The stock has a fifty day simple moving average of $7.79 and a 200-day simple moving average of $7.59.
Ideal Power (NASDAQ:IPWR - Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The industrial products company reported ($0.31) earnings per share for the quarter. Ideal Power had a negative net margin of 7,138.19% and a negative return on equity of 62.80%.
Hedge Funds Weigh In On Ideal Power
Several institutional investors have recently modified their holdings of the business. Bailard Inc. lifted its holdings in shares of Ideal Power by 13.8% during the 2nd quarter. Bailard Inc. now owns 25,615 shares of the industrial products company's stock valued at $181,000 after purchasing an additional 3,100 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Ideal Power during the 1st quarter valued at about $90,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Ideal Power by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 268,926 shares of the industrial products company's stock valued at $2,393,000 after purchasing an additional 5,004 shares in the last quarter. Institutional investors own 16.37% of the company's stock.
About Ideal Power
(
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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.
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