Polar Power (NASDAQ:POLA) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Polar Power (NASDAQ:POLA) posted its quarterly earnings results on Monday. The utilities provider reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.05, Bloomberg Earnings reports. Polar Power had a negative net margin of 16.31% and a negative return on equity of 18.51%. The firm had revenue of $2.86 million for the quarter.

Shares of POLA traded down $1.83 on Wednesday, hitting $3.13. The company’s stock had a trading volume of 11,476,754 shares, compared to its average volume of 1,341,104. The company has a quick ratio of 1.92, a current ratio of 6.98 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average price is $1.37 and its 200-day moving average price is $1.93. Polar Power has a fifty-two week low of $0.95 and a fifty-two week high of $5.00. The firm has a market capitalization of $13.87 million, a price-to-earnings ratio of 45.57 and a beta of 1.33.

Separately, ValuEngine cut Polar Power from a “buy” rating to a “hold” rating in a report on Tuesday.

About Polar Power

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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Earnings History for Polar Power (NASDAQ:POLA)

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