Polar Power (NASDAQ:POLA) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Polar Power, Inc. (NASDAQ:POLA)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.65 and traded as low as $1.63. Polar Power shares last traded at $1.72, with a volume of 198,782 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Polar Power in a research report on Wednesday, December 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Polar Power Stock Performance

The business has a 50-day simple moving average of $1.65 and a 200-day simple moving average of $2.48. The company has a market cap of $4.58 million, a price-to-earnings ratio of -0.77 and a beta of 1.39.

About Polar Power

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.