Ideal Power Inc (NASDAQ:IPWR)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1.84 and traded as low as $4.25. Ideal Power shares last traded at $4.25, with a volume of 1,000 shares.
Separately, ValuEngine upgraded shares of Ideal Power from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $2.00.
The firm’s fifty day moving average is $1.92 and its 200 day moving average is $0.78. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.07.
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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