Polar Power (NASDAQ:POLA) Stock Price Down 7.2% – Time to Sell?

Polar Power, Inc. (NASDAQ:POLA)’s stock price fell 7.2% on Monday . The company traded as low as $2.07 and last traded at $2.07. 20,293 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 19,956 shares. The stock had previously closed at $2.23.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Polar Power in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Polar Power Trading Down 7.2%

The stock has a market cap of $5.51 million, a P/E ratio of -0.92 and a beta of 0.69. The firm’s fifty day moving average is $3.26 and its 200 day moving average is $2.57.

Polar Power (NASDAQ:POLA) last released its earnings results on Wednesday, November 19th. The utilities provider reported ($1.63) earnings per share for the quarter. The firm had revenue of $1.27 million for the quarter. Polar Power had a negative return on equity of 135.21% and a negative net margin of 104.14%.

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.