Polar Power (NASDAQ:POLA) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Polar Power (NASDAQ:POLA) in a report released on Sunday. The brokerage set a “sell” rating on the utilities provider’s stock.

Polar Power Stock Performance

NASDAQ:POLA opened at $3.31 on Friday. Polar Power has a 52 week low of $2.24 and a 52 week high of $4.90. The firm has a 50-day moving average price of $3.05 and a two-hundred day moving average price of $3.10. The firm has a market cap of $8.31 million, a price-to-earnings ratio of -1.43 and a beta of 0.95.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. grew its stake in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,009,123 shares of the utilities provider’s stock after buying an additional 210,000 shares during the quarter. Bard Associates Inc. owned 17.14% of Polar Power worth $1,435,000 at the end of the most recent quarter. Institutional investors own 26.10% of the company’s stock.

Polar Power Company Profile

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.