Polar Power (NASDAQ:POLA) Shares Cross Below 50 Day Moving Average – Time to Sell?

Polar Power, Inc. (NASDAQ:POLA)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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.

Wall Street Analysts Forecast Growth

POLA has been the topic of a number of recent research reports. Wall Street Zen raised Polar Power from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings raised Polar Power from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Polar Power presently has an average rating of “Sell”.

Polar Power Stock Performance

The company’s 50 day moving average price is $1.72 and its 200 day moving average price is $1.73. The company has a market cap of $6.85 million, a price-to-earnings ratio of -0.57 and a beta of 1.21.

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