Polar Power (NASDAQ:POLA) was downgraded by analysts at TheStreet from a “c-” rating to a “d” rating in a report issued on Tuesday.

Shares of POLA stock opened at $4.75 on Tuesday. The company has a market cap of $48.18 million, a price-to-earnings ratio of -59.39 and a beta of 0.15. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.46 and a current ratio of 12.42. Polar Power has a fifty-two week low of $4.50 and a fifty-two week high of $6.85.

A hedge fund recently bought a new stake in Polar Power stock. Essex Investment Management Co. LLC purchased a new stake in shares of Polar Power Inc (NASDAQ:POLA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 252,840 shares of the utilities provider’s stock, valued at approximately $1,221,000. Essex Investment Management Co. LLC owned approximately 2.49% of Polar Power as of its most recent SEC filing. 8.04% of the stock is currently owned by hedge funds and other 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.

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