Acorn Energy (OTCMKTS:ACFN) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Acorn Energy, Inc. (OTCMKTS:ACFN)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.22 and traded as high as $16.90. Acorn Energy shares last traded at $16.90, with a volume of 3,978 shares traded.

Acorn Energy Price Performance

The stock’s fifty day moving average price is $17.71 and its 200-day moving average price is $15.22. The firm has a market cap of $42.10 million, a price-to-earnings ratio of 36.74 and a beta of 0.62.

Acorn Energy (OTCMKTS:ACFN) last announced its quarterly earnings data on Thursday, March 6th. The technology company reported $0.31 EPS for the quarter. The firm had revenue of $3.53 million during the quarter. Acorn Energy had a negative return on equity of 275.24% and a net margin of 11.80%.

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.