Acorn Energy (OTCMKTS:ACFN) Stock Price Passes Above 200 Day Moving Average of $8.74

Shares of Acorn Energy, Inc. (OTCMKTS:ACFN) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.74 and traded as high as $10.00. Acorn Energy shares last traded at $9.55, with a volume of 1,199 shares changing hands.

Acorn Energy Trading Down 4.5 %

The firm has a market cap of $23.75 million, a PE ratio of 136.41 and a beta of 0.70. The stock has a fifty day simple moving average of $9.66 and a two-hundred day simple moving average of $8.74.

Acorn Energy (OTCMKTS:ACFN) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $2.28 million during the quarter. Acorn Energy had a negative return on equity of 61.26% and a net margin of 5.08%.

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.