Zacks: Polar Power Inc (NASDAQ:POLA) Given $5.00 Consensus Target Price by Analysts

Polar Power Inc (NASDAQ:POLA) has been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Brokerages have set a 1-year consensus price target of $5.00 for the company, according to Zacks. Zacks has also assigned Polar Power an industry rank of 92 out of 255 based on the ratings given to related companies.

A number of equities research analysts recently commented on the company. TheStreet lowered Polar Power from a “c-” rating to a “d+” rating in a research report on Friday, September 6th. Zacks Investment Research lowered Polar Power from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

An institutional investor recently raised its position in Polar Power stock. Morgan Stanley grew its stake in Polar Power Inc (NASDAQ:POLA) by 98.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,016 shares of the utilities provider’s stock after purchasing an additional 5,976 shares during the period. Morgan Stanley owned about 0.12% of Polar Power worth $50,000 at the end of the most recent quarter. 4.97% of the stock is currently owned by institutional investors.

NASDAQ POLA traded up $0.06 during trading hours on Tuesday, reaching $2.39. The stock had a trading volume of 8,460 shares, compared to its average volume of 18,811. The stock has a fifty day moving average of $2.57 and a 200 day moving average of $3.51. The stock has a market cap of $24.26 million, a P/E ratio of -29.90 and a beta of 0.26. Polar Power has a 52-week low of $2.05 and a 52-week high of $5.40. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.43 and a current ratio of 8.23.

About Polar Power

Polar Power, Inc designs, manufactures, and sells direct current (DC) power systems for applications in the telecommunications, military, electric vehicle charging, cogeneration, distributed power, and uninterruptable power supply markets in the United States and internationally. It offers DC base power systems, DC hybrid power systems, and DC solar hybrid power systems.

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