Polar Power (POLA) Downgraded to Hold at ValuEngine

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ValuEngine cut shares of Polar Power (NASDAQ:POLA) from a buy rating to a hold rating in a report published on Friday morning.

Separately, Zacks Investment Research raised shares of Polar Power from a hold rating to a buy rating and set a $7.50 price target on the stock in a research report on Wednesday, August 15th.

Shares of NASDAQ POLA traded down $0.11 during midday trading on Friday, hitting $5.38. The company’s stock had a trading volume of 4,951 shares, compared to its average volume of 17,637. Polar Power has a one year low of $4.01 and a one year high of $6.85. The company has a quick ratio of 12.13, a current ratio of 16.59 and a debt-to-equity ratio of 0.03. The firm has a market cap of $51.93 million, a P/E ratio of -67.29 and a beta of -0.49.

Polar Power (NASDAQ:POLA) last posted its quarterly earnings results on Thursday, August 9th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. Polar Power had a negative net margin of 6.28% and a negative return on equity of 4.84%. The company had revenue of $5.82 million for the quarter, compared to analyst estimates of $5.50 million. Equities analysts expect that Polar Power will post 0.07 EPS for the current year.

Polar Power Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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