Polar Power (NASDAQ:POLA) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Polar Power (NASDAQ:POLA) in a report published on Sunday. The firm issued a sell rating on the utilities provider’s stock.

Polar Power Trading Down 7.0 %

NASDAQ:POLA traded down $0.04 during midday trading on Friday, hitting $0.49. 105,006 shares of the stock were exchanged, compared to its average volume of 121,931. The business has a 50-day moving average price of $0.46 and a two-hundred day moving average price of $0.44. The company has a market capitalization of $8.64 million, a price-to-earnings ratio of -1.02 and a beta of 0.94. Polar Power has a one year low of $0.32 and a one year high of $0.96.

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

Institutional Trading of Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. raised its stake in Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the 3rd quarter, according to its most recent Form 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 period. Bard Associates Inc. owned approximately 17.14% of Polar Power worth $1,435,000 as of its most recent filing with the SEC. 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.