News stories about Polar Power (NASDAQ:POLA) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Polar Power earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 45.7874421404551 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Polar Power (NASDAQ:POLA) traded up $0.04 during midday trading on Friday, hitting $5.04. 9,300 shares of the stock were exchanged, compared to its average volume of 84,106. Polar Power has a twelve month low of $4.12 and a twelve month high of $11.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 18.35 and a current ratio of 23.62.
Polar Power (NASDAQ:POLA) last issued its quarterly earnings data on Monday, November 6th. The utilities provider reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). The firm had revenue of $3.03 million for the quarter, compared to analyst estimates of $4.65 million. Polar Power had a return on equity of 6.40% and a net margin of 8.59%. The firm’s revenue for the quarter was down 59.6% on a year-over-year basis. analysts forecast that Polar Power will post -0.03 EPS for the current fiscal year.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Polar Power from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Roth Capital cut shares of Polar Power from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $7.00 to $5.00 in a research note on Tuesday, November 7th. Finally, ValuEngine cut shares of Polar Power from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th.
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Polar Power Company Profile
Polar Power, Inc is engaged in designing, manufacturing and selling direct current (DC) power systems for applications primarily in the telecommunications, military, electric vehicle charging, cogeneration, distributed power and uninterruptable power supply markets. Within the telecommunications market, the Company’s DC power systems provide DC power to service applications that do not have access to the utility grid (such as off-grid applications) or have critical power needs and cannot be without power in the event of utility grid failure (such as back-up power applications).
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