Polar Power (NASDAQ:POLA) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Polar Power, Inc. (NASDAQ:POLA)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1.65 and traded as low as $1.63. Polar Power shares last traded at $1.72, with a volume of 198,782 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Polar Power in a report on Wednesday, December 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Polar Power currently has an average rating of “Sell”.

Polar Power Stock Performance

The company has a 50 day simple moving average of $1.65 and a two-hundred day simple moving average of $2.47.

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.