Separately, Zacks Investment Research upgraded shares of Polar Power from a hold rating to a buy rating and set a $10.00 price objective on the stock in a report on Tuesday, March 14th.
Polar Power (NASDAQ:POLA) traded up 0.4951% during trading on Monday, hitting $8.1401. The company had a trading volume of 39,567 shares. The company’s 50 day moving average price is $8.58 and its 200-day moving average price is $8.61. Polar Power has a 12 month low of $7.09 and a 12 month high of $11.50. The company has a market cap of $82.57 million and a PE ratio of 13.9864.
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About Polar Power
Polar Power, Inc is engaged in designing, manufacturing and selling direct current (DC) power systems for applications primarily in the telecommunications, military, electric vehicle charging, cogeneration, distributed power and uninterruptable power supply markets. Within the telecommunications market, the Company’s DC power systems provide DC power to service applications that do not have access to the utility grid (such as off-grid applications) or have critical power needs and cannot be without power in the event of utility grid failure (such as back-up power applications).