Polar Power (NASDAQ:POLA) Stock Passes Below 50 Day Moving Average – Should You Sell?

Polar Power, Inc. (NASDAQ:POLA)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.73 and traded as low as $1.64. Polar Power shares last traded at $1.78, with a volume of 76,326 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Weiss Ratings upgraded Polar Power from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday. Wall Street Zen raised shares of Polar Power from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Polar Power Trading Down 5.3%

The firm has a market cap of $6.85 million, a P/E ratio of -0.57 and a beta of 1.21. The business has a 50-day moving average price of $1.73 and a 200-day moving average price of $1.73.

Polar Power (NASDAQ:POLA) last posted its earnings results on Wednesday, May 20th. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.63) by $0.58. Polar Power had a negative return on equity of 259.19% and a negative net margin of 127.53%.The company had revenue of $1.73 million for the quarter, compared to analyst estimates of $3.80 million.

Polar Power Company Profile

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.