Polar Power (NASDAQ:POLA) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Polar Power, Inc. (NASDAQ:POLAGet Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2.77 and traded as low as $2.09. Polar Power shares last traded at $2.09, with a volume of 48,100 shares traded.

Analysts Set New Price Targets

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

Get Our Latest Report on Polar Power

Polar Power Stock Performance

The company’s 50-day moving average is $2.77 and its 200-day moving average is $3.03. The firm has a market cap of $5.25 million, a price-to-earnings ratio of -0.91 and a beta of 0.51.

About Polar Power

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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.

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