Acorn Energy (OTCMKTS:ACFN) Shares Cross Above Two Hundred Day Moving Average of $6.52

Shares of Acorn Energy, Inc. (OTCMKTS:ACFN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.52 and traded as high as $7.00. Acorn Energy shares last traded at $7.00, with a volume of 188 shares changing hands.

Acorn Energy Stock Up 2.8 %

The firm has a market cap of $17.43 million, a price-to-earnings ratio of 175.04 and a beta of 0.78. The business has a 50 day moving average of $6.78 and a 200 day moving average of $6.52.

Acorn Energy (OTCMKTS:ACFN) last issued its quarterly earnings results on Thursday, March 7th. The technology company reported $0.03 earnings per share (EPS) for the quarter. Acorn Energy had a negative return on equity of 12.58% and a net margin of 1.48%. The firm had revenue of $2.25 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 through 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, compressors, pumps, pumpjacks, light towers, turbines, and other industrial equipment; and Internet of Things applications.