StockNews.com initiated coverage on shares of Polar Power (NASDAQ:POLA – Free Report) in a research report sent to investors on Wednesday. The firm issued a sell rating on the utilities provider’s stock.
Polar Power Stock Down 5.1 %
Shares of Polar Power stock opened at $0.53 on Wednesday. Polar Power has a fifty-two week low of $0.32 and a fifty-two week high of $1.08. The business’s fifty day moving average is $0.44 and its two-hundred day moving average is $0.44. The firm has a market cap of $6.89 million, a PE ratio of -1.00 and a beta of 0.92.
Polar Power (NASDAQ:POLA – Get Free Report) last released its earnings results on Wednesday, August 14th. The utilities provider reported $0.03 earnings per share for the quarter. The firm had revenue of $4.66 million for the quarter. Polar Power had a negative return on equity of 52.52% and a negative net margin of 55.56%.
About Polar Power
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.
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