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

StockNews.com started coverage on shares of Polar Power (NASDAQ:POLA) in a research report released on Tuesday. The brokerage issued a sell rating on the utilities provider’s stock.

Polar Power Price Performance

Polar Power stock opened at $1.89 on Tuesday. The company’s 50 day simple moving average is $2.24 and its 200 day simple moving average is $2.74. Polar Power has a fifty-two week low of $1.78 and a fifty-two week high of $4.90. The firm has a market capitalization of $4.73 million, a price-to-earnings ratio of -0.82 and a beta of 0.43.

Polar Power (NASDAQ:POLA) last released its quarterly earnings data on Thursday, May 15th. The utilities provider reported ($0.50) earnings per share for the quarter. Polar Power had a negative return on equity of 40.41% and a negative net margin of 31.99%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. increased its position in shares of Polar Power, Inc. (NASDAQ:POLA) by 3.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 446,745 shares of the utilities provider’s stock after acquiring an additional 14,800 shares during the quarter. Bard Associates Inc. owned about 17.79% of Polar Power worth $1,081,000 as of its most recent SEC filing. Institutional investors 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.