Polar Power (NASDAQ:POLA) released its earnings results on Monday. The utilities provider reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05, Bloomberg Earnings reports. Polar Power had a negative return on equity of 18.51% and a negative net margin of 16.31%. The business had revenue of $2.86 million for the quarter.
POLA stock traded down $1.89 during trading on Wednesday, hitting $3.07. The company had a trading volume of 326,887 shares, compared to its average volume of 130,886. The firm has a 50-day moving average price of $1.37 and a 200-day moving average price of $1.93. The stock has a market cap of $13.87 million, a price-to-earnings ratio of 45.57 and a beta of 1.33. Polar Power has a 12 month low of $0.95 and a 12 month high of $5.00. The company has a quick ratio of 1.92, a current ratio of 6.98 and a debt-to-equity ratio of 0.13.
Separately, ValuEngine cut shares of Polar Power from a “buy” rating to a “hold” rating in a research note on Tuesday.
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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