Polar Power (NASDAQ:POLA) issued its quarterly earnings data on Wednesday. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03, MarketWatch Earnings reports. The business had revenue of $7.75 million during the quarter, compared to analyst estimates of $6.50 million. Polar Power had a negative net margin of 1.68% and a negative return on equity of 2.01%.
Shares of NASDAQ POLA opened at $4.35 on Friday. The company has a market capitalization of $44.12 million, a P/E ratio of -54.38 and a beta of 0.12. Polar Power has a 1 year low of $4.10 and a 1 year high of $6.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 11.90 and a quick ratio of 7.52.
A number of research analysts recently issued reports on POLA shares. TheStreet lowered shares of Polar Power from a “c-” rating to a “d” rating in a report on Tuesday, March 26th. ValuEngine lowered shares of Polar Power from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research lowered shares of Polar Power from a “hold” rating to a “strong sell” rating in a report on Saturday, May 4th.
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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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