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 Thursday. The firm set a “sell” rating on the utilities provider’s stock.

Polar Power Trading Up 2.5 %

NASDAQ:POLA opened at $2.87 on Thursday. The firm has a market cap of $7.20 million, a price-to-earnings ratio of -1.24 and a beta of 0.95. The company’s 50-day moving average is $3.03 and its two-hundred day moving average is $3.09. Polar Power has a 12-month low of $2.28 and a 12-month high of $4.90.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. grew its stake in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,009,123 shares of the utilities provider’s stock after acquiring an additional 210,000 shares during the quarter. 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 currently owned by institutional investors.

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.