StockNews.com Begins Coverage on Polar Power (NASDAQ:POLA)

Research analysts at StockNews.com assumed coverage on shares of Polar Power (NASDAQ:POLA) in a research report issued to clients and investors on Monday. The brokerage set a “sell” rating on the utilities provider’s stock.

Polar Power Trading Down 13.1 %

Shares of NASDAQ:POLA opened at $0.46 on Monday. The company has a market capitalization of $8.08 million, a price-to-earnings ratio of -1.39 and a beta of 0.94. Polar Power has a 12-month low of $0.32 and a 12-month high of $0.95. The business has a 50-day moving average price of $0.47 and a 200 day moving average price of $0.44.

Polar Power shares are set to reverse split on the morning of Tuesday, November 19th. The 1-7 reverse split was announced on Friday, November 15th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, November 18th.

Institutional Trading of Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. raised its position in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,009,123 shares of the utilities provider’s stock after buying an additional 210,000 shares during the period. Bard Associates Inc. owned about 17.14% of Polar Power worth $1,435,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 26.10% of the company’s stock.

About Polar Power

Polar Power, Inc designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States and internationally. The company offers DC base power systems, DC hybrid power systems, DC solar hybrid power systems, and mobile power systems. Its DC power systems are available in diesel, natural gas, LPG/propane, and renewable fuel formats.