Polar Power (NASDAQ:POLA) released its earnings results on Monday. The utilities provider reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05, Morningstar.com reports. Polar Power had a negative net margin of 0.38% and a negative return on equity of 0.51%. The business had revenue of $9.24 million during the quarter, compared to analyst estimates of $7.00 million.

POLA stock opened at $3.61 on Thursday. Polar Power has a 12 month low of $3.45 and a 12 month high of $6.43. The firm has a market capitalization of $50.72 million, a price-to-earnings ratio of -45.13 and a beta of 0.26. The company’s 50 day simple moving average is $4.37. The company has a current ratio of 6.55, a quick ratio of 3.83 and a debt-to-equity ratio of 0.13.

Several analysts recently commented on POLA shares. Zacks Investment Research raised shares of Polar Power from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. TheStreet lowered shares of Polar Power from a “c-” rating to a “d” rating in a research note on Thursday, June 6th. Finally, ValuEngine raised shares of Polar Power from a “hold” rating to a “buy” rating in a research note on Wednesday, July 3rd.

A number of hedge funds have recently added to or reduced their stakes in the stock. Granite Investment Partners LLC acquired a new stake in shares of Polar Power during the first quarter valued at approximately $365,000. Morgan Stanley raised its holdings in shares of Polar Power by 98.9% during the second quarter. Morgan Stanley now owns 12,016 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 5,976 shares during the period. Finally, Kirr Marbach & Co. LLC IN raised its holdings in shares of Polar Power by 21.1% during the first quarter. Kirr Marbach & Co. LLC IN now owns 23,000 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 4,000 shares during the period. 7.29% of the stock is owned by institutional investors and hedge funds.

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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Earnings History for Polar Power (NASDAQ:POLA)

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