Polar Power (NASDAQ:POLA) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Polar Power, Inc. (NASDAQ:POLA) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.57 and traded as low as $3.11. Polar Power shares last traded at $3.16, with a volume of 14,897 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Polar Power in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Polar Power Trading Up 1.6%

The firm’s 50-day moving average price is $3.57 and its 200-day moving average price is $2.48. The stock has a market capitalization of $7.93 million, a PE ratio of -5.18 and a beta of 1.11.

Polar Power (NASDAQ:POLA) last released its quarterly earnings results on Thursday, August 14th. The utilities provider reported ($0.11) EPS for the quarter. Polar Power had a negative return on equity of 39.10% and a negative net margin of 38.21%.The company had revenue of $2.71 million during the quarter.

Hedge Funds Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. increased its stake in Polar Power, Inc. (NASDAQ:POLA) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 446,745 shares of the utilities provider’s stock after buying an additional 14,800 shares during the quarter. Bard Associates Inc. owned about 17.79% of Polar Power worth $1,081,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 26.10% of the company’s stock.

Polar Power Company Profile

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.