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

Brokers have set a 12 month consensus price target of $5.00 for the company and are expecting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned Polar Power an industry rank of 89 out of 255 based on the ratings given to its competitors.

Separately, TheStreet lowered shares of Polar Power from a “c-” rating to a “d” rating in a research report on Tuesday, March 26th.

Shares of POLA opened at $4.59 on Friday. The company has a market cap of $46.51 million, a P/E ratio of -57.34 and a beta of 0.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 7.52 and a current ratio of 11.90. Polar Power has a twelve month low of $4.50 and a twelve month high of $6.85.

Several large investors have recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC acquired a new position in Polar Power during the 4th quarter worth approximately $1,221,000. Kirr Marbach & Co. LLC IN increased its holdings in Polar Power by 21.1% in the first quarter. Kirr Marbach & Co. LLC IN now owns 23,000 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Quantum Capital Management increased its holdings in Polar Power by 81.3% in the fourth quarter. Quantum Capital Management now owns 20,997 shares of the utilities provider’s stock worth $101,000 after purchasing an additional 9,413 shares in the last quarter. 8.04% of the stock is currently owned by institutional investors.

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.

Recommended Story: What is a blue-chip stock?

Get a free copy of the Zacks research report on Polar Power (POLA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Polar Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polar Power and related companies with MarketBeat.com's FREE daily email newsletter.