Acorn Energy (OTCMKTS:ACFN) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Acorn Energy, Inc. (OTCMKTS:ACFN)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.62 and traded as high as $17.11. Acorn Energy shares last traded at $17.11, with a volume of 100 shares traded.

Acorn Energy Stock Down 2.2 %

The firm has a market capitalization of $42.63 million, a price-to-earnings ratio of 37.20 and a beta of 0.69. The stock has a 50 day moving average of $18.32 and a 200 day moving average of $13.62.

Acorn Energy (OTCMKTS:ACFN) last issued its earnings results on Thursday, November 7th. The technology company reported $0.29 earnings per share (EPS) for the quarter. The firm had revenue of $3.05 million for the quarter. Acorn Energy had a net margin of 11.80% and a negative return on equity of 275.24%.

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.