StockNews.com initiated coverage on shares of Polar Power (NASDAQ:POLA – Free Report) in a research report report published on Monday. The brokerage issued a sell rating on the utilities provider’s stock.
Polar Power Stock Down 5.5 %
Shares of NASDAQ POLA opened at $3.12 on Monday. The firm’s 50-day moving average price is $3.08 and its two-hundred day moving average price is $3.12. Polar Power has a 52-week low of $2.24 and a 52-week high of $4.90. The stock has a market capitalization of $7.83 million, a P/E ratio of -1.35 and a beta of 0.95.
Hedge Funds Weigh In On Polar Power
A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. boosted its holdings in Polar Power, Inc. (NASDAQ:POLA – Free Report) by 7.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,009,123 shares of the utilities provider’s stock after acquiring 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.
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.
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