Polar Power (NASDAQ:POLA) Share Price Passes Below 50 Day Moving Average – What’s Next?

Shares of Polar Power, Inc. (NASDAQ:POLA) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.57 and traded as low as $3.11. Polar Power shares last traded at $3.16, with a volume of 14,897 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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 data from MarketBeat, Polar Power presently has an average rating of “Sell”.

Polar Power Trading Up 1.6%

The company has a 50-day simple moving average of $3.57 and a 200 day simple moving average of $2.48. The company has a market cap of $7.93 million, a P/E ratio of -5.18 and a beta of 1.11.

Polar Power (NASDAQ:POLA) last released its earnings results on Thursday, August 14th. The utilities provider reported ($0.11) earnings per share for the quarter. The business had revenue of $2.71 million for the quarter. Polar Power had a negative return on equity of 39.10% and a negative net margin of 38.21%.

Institutional Investors Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. grew its stake in Polar Power, Inc. (NASDAQ:POLA) by 3.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 446,745 shares of the utilities provider’s stock after acquiring an additional 14,800 shares during the period. Bard Associates Inc. owned 17.79% of Polar Power worth $1,081,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 26.10% of the company’s stock.

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.