Acorn Energy (OTCMKTS:ACFN) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Acorn Energy, Inc. (OTCMKTS:ACFN)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.62 and traded as high as $17.11. Acorn Energy shares last traded at $17.11, with a volume of 100 shares traded.

Acorn Energy Stock Performance

The stock has a market capitalization of $42.63 million, a price-to-earnings ratio of 37.20 and a beta of 0.69. The company has a 50-day moving average of $18.32 and a 200-day moving average of $13.62.

Acorn Energy (OTCMKTS:ACFN) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.29 earnings per share for the quarter. Acorn Energy had a negative return on equity of 275.24% and a net margin of 11.80%. The company had revenue of $3.05 million during 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.