Acorn Energy (OTCMKTS:ACFN) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Acorn Energy, Inc. (OTCMKTS:ACFN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.33 and traded as high as $11.05. Acorn Energy shares last traded at $10.90, with a volume of 718 shares.

Acorn Energy Trading Down 2.2 %

The stock has a market cap of $27.11 million, a P/E ratio of 155.71 and a beta of 0.65. The company’s fifty day simple moving average is $9.94 and its 200-day simple moving average is $9.33.

Acorn Energy (OTCMKTS:ACFN) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.11 EPS for the quarter. Acorn Energy had a net margin of 5.08% and a negative return on equity of 61.26%. The firm had revenue of $2.28 million for the quarter.

About Acorn Energy

Acorn Energy, Inc, together with its subsidiaries, develops and markets wireless remote monitoring and control systems for various markets in the United States and internationally. It operates in two segments, Power Generation (PG) Monitoring and Cathodic Protection (CP) Monitoring. The PG segment provides wireless remote monitoring and control systems, and services for critical assets, which include stand-by power generators, pumps, pumpjacks, light towers, turbines, compressors, fire pumps, and other industrial equipment; and Internet of Things applications.