Polar Power (NASDAQ:POLA) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Polar Power, Inc. (NASDAQ:POLA) 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 traded.

Wall Street Analysts Forecast Growth

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

Polar Power Stock Performance

The company has a fifty day moving average of $2.55 and a two-hundred day moving average of $2.92. The company has a market cap of $5.52 million, a PE ratio of -0.95 and a beta of 0.51.

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.