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