Polar Power (NASDAQ:POLA) Shares Scheduled to Reverse Split on Tuesday, November 19th

Polar Power, Inc. (NASDAQ:POLA) shares are scheduled to reverse split on Tuesday, November 19th. The 1-7 reverse split was announced on Friday, November 15th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, November 18th.

Polar Power Stock Performance

Shares of NASDAQ:POLA traded down $0.07 on Friday, hitting $0.46. The company’s stock had a trading volume of 751,237 shares, compared to its average volume of 125,688. Polar Power has a 12 month low of $0.32 and a 12 month high of $0.95. The company has a market capitalization of $8.08 million, a price-to-earnings ratio of -0.98 and a beta of 0.94. The stock’s 50-day moving average is $0.47 and its two-hundred day moving average is $0.44.

Polar Power (NASDAQ:POLA) last posted 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 during the quarter. Polar Power had a negative net margin of 55.56% and a negative return on equity of 52.52%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Polar Power in a research report on Sunday, November 10th. They issued a “sell” rating for the company.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. grew its holdings in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,009,123 shares of the utilities provider’s stock after purchasing 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 Securities and Exchange Commission. 26.10% of the stock is owned by institutional investors and hedge funds.

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.