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 research report issued on Sunday. The firm set a “sell” rating on the utilities provider’s stock.

Polar Power Stock Performance

Shares of POLA opened at $0.53 on Friday. The stock has a market cap of $9.30 million, a PE ratio of -1.13 and a beta of 0.94. Polar Power has a fifty-two week low of $0.32 and a fifty-two week high of $0.96. The firm’s 50-day simple moving average is $0.46 and its two-hundred day simple moving average is $0.44.

Polar Power (NASDAQ:POLA) last announced its quarterly earnings data on Wednesday, August 14th. The utilities provider reported $0.03 earnings per share for the quarter. The business had revenue of $4.66 million for the quarter. Polar Power had a negative net margin of 55.56% and a negative return on equity of 52.52%.

Institutional Trading of Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. raised its holdings in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter. 26.10% of the stock is owned by institutional investors and hedge funds.

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.