Acorn Energy (OTCMKTS:ACFN) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Acorn Energy Inc. (OTCMKTS:ACFNGet Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.21 and traded as high as $30.40. Acorn Energy shares last traded at $28.72, with a volume of 38,158 shares trading hands.

Acorn Energy Stock Performance

The firm has a fifty day moving average price of $21.24 and a 200 day moving average price of $18.21. The firm has a market capitalization of $71.83 million, a price-to-earnings ratio of 10.76 and a beta of 0.49.

Acorn Energy Company Profile

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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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