Acorn Energy (OTCMKTS:ACFN) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Acorn Energy Inc. (OTCMKTS:ACFN)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.14 and traded as high as $17.75. Acorn Energy shares last traded at $17.75, with a volume of 692 shares.

Acorn Energy Trading Down 0.6%

The company has a market capitalization of $44.25 million, a price-to-earnings ratio of 6.65 and a beta of 0.49. The company’s 50 day simple moving average is $16.86 and its 200-day simple moving average is $17.14.

Acorn Energy (OTCMKTS:ACFN) last announced its quarterly earnings data on Thursday, May 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter. Acorn Energy had a net margin of 56.00% and a return on equity of 78.08%.

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.