Polar Power (NASDAQ:POLA) Shares Cross Below Fifty Day Moving Average – Here’s Why

Polar Power, Inc. (NASDAQ:POLA)’s share 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.

Wall Street Analyst Weigh In

POLA has been the subject of several recent analyst reports. 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 cut shares of Polar Power from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Polar Power currently has a consensus rating of “Sell”.

Polar Power Price Performance

The company has a market capitalization of $5.98 million, a P/E ratio of -0.40 and a beta of 1.21. The stock’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 released its quarterly earnings results on Tuesday, August 18th. The utilities provider reported ($0.49) EPS for the quarter, beating the consensus estimate of ($0.63) by $0.14. The business had revenue of $1.02 million for the quarter, compared to analysts’ expectations of $3.80 million. Polar Power had a negative net margin of 207.92% and a negative return on equity of 610.87%.

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.