Acorn Energy (OTCMKTS:ACFN) Stock Passes Above 200 Day Moving Average – Should You Sell?

Acorn Energy, Inc. (OTCMKTS:ACFN)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.39 and traded as high as $18.55. Acorn Energy shares last traded at $18.55, with a volume of 1,451 shares changing hands.

Acorn Energy Trading Up 3.7 %

The business’s fifty day moving average is $16.92 and its two-hundred day moving average is $12.39. The company has a market capitalization of $46.21 million, a PE ratio of 40.33 and a beta of 0.69.

Acorn Energy Company Profile

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.