Polar Power (NASDAQ:POLA) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Polar Power, Inc. (NASDAQ:POLA) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.55 and traded as low as $2.03. Polar Power shares last traded at $2.20, with a volume of 4,927 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Polar Power in a report on Saturday. They issued a “sell” rating on the stock.

Polar Power Price Performance

The firm has a market capitalization of $5.52 million, a P/E ratio of -0.95 and a beta of 0.51. The firm has a 50-day moving average price of $2.55 and a two-hundred day moving average price of $2.92.

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.