Polar Power, Inc. (NASDAQ:POLA) fell 5.3% during mid-day trading on Thursday . The stock traded as low as $4.75 and last traded at $4.78. 533,403 shares changed hands during trading, a decline of 77% from the average session volume of 2,271,073 shares. The stock had previously closed at $5.05.
Separately, ValuEngine lowered shares of Polar Power from a “buy” rating to a “hold” rating in a research report on Friday, September 25th.
The firm’s 50-day moving average is $4.57 and its 200-day moving average is $3.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 6.11 and a quick ratio of 1.43. The company has a market capitalization of $55.63 million, a P/E ratio of 43.43 and a beta of 0.51.
Polar Power (NASDAQ:POLA) last announced its earnings results on Monday, November 16th. The utilities provider reported ($0.42) earnings per share (EPS) for the quarter. The business had revenue of $2.50 million for the quarter. Polar Power had a negative net margin of 60.85% and a negative return on equity of 37.94%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in Polar Power during the third quarter valued at approximately $49,000. Virtu Financial LLC bought a new position in shares of Polar Power in the third quarter worth approximately $155,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Polar Power in the second quarter worth approximately $280,000. Institutional investors own 3.16% of the company’s stock.
Polar Power Company Profile (NASDAQ:POLA)
Polar Power, Inc designs, manufactures, and sells direct current (DC), power generators, renewable energy, and cooling systems in the United States and internationally. It offers DC base power systems, DC hybrid power systems, and DC solar hybrid power systems. The company serves telecommunications, military, electric vehicle charging, cogeneration, distributed power, and uninterruptable power supply markets It sells its products through direct sales force, and a network of independent service providers and dealers.
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