Polar Power (POLA) Downgraded to Hold at ValuEngine

ValuEngine cut shares of Polar Power (NASDAQ:POLA) from a buy rating to a hold rating in a report published on Friday morning.

Separately, Zacks Investment Research cut shares of Polar Power from a strong-buy rating to a hold rating in a research note on Thursday.

POLA stock traded down $0.11 during midday trading on Friday, reaching $5.38. The company had a trading volume of 4,951 shares, compared to its average volume of 17,637. The company has a debt-to-equity ratio of 0.03, a current ratio of 16.59 and a quick ratio of 12.13. Polar Power has a 1 year low of $4.01 and a 1 year high of $6.85. The stock has a market cap of $51.93 million, a PE ratio of -67.29 and a beta of -0.49.

Polar Power (NASDAQ:POLA) last released its quarterly earnings results on Thursday, August 9th. The utilities provider reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.03. Polar Power had a negative net margin of 6.28% and a negative return on equity of 4.84%. The business had revenue of $5.82 million during the quarter, compared to analysts’ expectations of $5.50 million. On average, research analysts expect that Polar Power will post 0.07 EPS for the current fiscal year.

Polar Power Company Profile

Polar Power, Inc designs, manufactures, and sells direct current (DC) power systems for applications in the telecommunications, military, electric vehicle charging, cogeneration, distributed power, and uninterruptable power supply markets in the United States and internationally. It offers DC base power systems, DC hybrid power systems, and DC solar hybrid power systems.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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