Acorn Energy (OTCMKTS:ACFN) Stock Price Crosses Above 200-Day Moving Average of $7.72

Acorn Energy, Inc. (OTCMKTS:ACFNGet Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.72 and traded as high as $9.62. Acorn Energy shares last traded at $9.50, with a volume of 11,588 shares changing hands.

Acorn Energy Stock Down 2.6 %

The firm’s fifty day moving average price is $9.71 and its two-hundred day moving average price is $7.72. The stock has a market capitalization of $23.66 million, a PE ratio of 135.71 and a beta of 0.70.

Acorn Energy (OTCMKTS:ACFNGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The technology company reported $0.03 earnings per share for the quarter. Acorn Energy had a net margin of 3.19% and a negative return on equity of 31.38%. The firm had revenue of $2.13 million during the quarter.

About Acorn Energy

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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.

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