Polar Power (NASDAQ:POLA) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Polar Power, Inc. (NASDAQ:POLA)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.65 and traded as low as $1.41. Polar Power shares last traded at $1.42, with a volume of 53,418 shares traded.

Analyst Ratings Changes

Several analysts have issued reports on POLA shares. Wall Street Zen upgraded Polar Power from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings downgraded Polar Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Polar Power presently has an average rating of “Sell”.

Polar Power Stock Down 1.4%

The stock has a market cap of $5.98 million, a P/E ratio of -0.40 and a beta of 1.21. The firm’s 50 day simple moving average is $1.65 and its two-hundred day simple moving average is $1.72.

Polar Power (NASDAQ:POLA) last posted its quarterly earnings results on Tuesday, August 18th. The utilities provider reported ($0.49) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.63) by $0.14. Polar Power had a negative net margin of 207.92% and a negative return on equity of 610.87%. The company had revenue of $1.02 million for the quarter, compared to the consensus estimate of $3.80 million.

About Polar Power

Polar Power, Inc (NASDAQ: POLA) is a California-based designer and manufacturer of direct current (DC) power generation and distribution systems. The company’s primary offerings include solar hybrid power systems, DC gensets and DC power modules engineered to provide reliable, off-grid or grid-tied power solutions. These products are tailored to applications in telecommunications, military, oil and gas, and other industries requiring continuous, low-cost energy delivery in remote or critical-power environments.

Polar Power’s solar hybrid systems combine solar photovoltaic arrays with DC generators and battery storage to create integrated, turnkey power plants.