Polar Power (NASDAQ:POLA) Share Price Passes Below Fifty Day Moving Average – What’s Next?

Polar Power, Inc. (NASDAQ:POLA)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty 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 changing hands.

Analysts Set New Price Targets

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

Polar Power Trading Up 6.3 %

The stock’s 50 day moving average price is $2.55 and its 200 day moving average price is $2.92. The company has a market capitalization of $5.52 million, a price-to-earnings ratio of -0.95 and a beta of 0.51.

About Polar Power

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.