RTTNews | Jun 30, 2021 10:55AM EDT

10:54 Wednesday, June 30, 2021 (RTTNews.com) - Shares of iPower Inc. (IPW) are currently gaining over 10% on Wednesday morning despite no stock-related statement from the company. The hydroponic equipment retailer's stock has gained over 16% since last Thursday after reporting its third-quarter results.

IPW is currently trading at $8.31, up $0.85 or 11.39%, on the Nasdaq, on a volume of 5.9 million shares, above average volume of 400 thousand. The stock has between $4.80 and $10.73 in the 52 week period.

Revenues for the quarter grew by 34.4% to $13.1 million, as compared to $9.8 million last year. Net income declined 194% to a loss of $207 thousand or $0.01 per share, compared to net income of $220 thousand or $0.01 per share last year.

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