Polar Power (NASDAQ:POLA) Trading Down 7.2% – Here’s What Happened

Polar Power, Inc. (NASDAQ:POLA) dropped 7.2% on Monday . The stock traded as low as $2.07 and last traded at $2.07. Approximately 20,293 shares changed hands during trading, an increase of 2% from the average daily volume of 19,956 shares. The stock had previously closed at $2.23.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Polar Power in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Polar Power Stock Performance

The stock has a market cap of $5.51 million, a price-to-earnings ratio of -0.92 and a beta of 0.69. The company’s 50 day simple moving average is $3.26 and its two-hundred day simple moving average is $2.57.

Polar Power (NASDAQ:POLA) last posted its quarterly earnings results on Wednesday, November 19th. The utilities provider reported ($1.63) EPS for the quarter. Polar Power had a negative net margin of 104.14% and a negative return on equity of 135.21%. The company had revenue of $1.27 million for the quarter.

Polar Power Company Profile

Polar Power, Inc designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States and internationally. The company offers DC base power systems, DC hybrid power systems, DC solar hybrid power systems, and mobile power systems. Its DC power systems are available in diesel, natural gas, LPG/propane, and renewable fuel formats.