Acorn Energy (OTCMKTS:ACFN) Shares Pass Above 200-Day Moving Average of $7.54

Acorn Energy, Inc. (OTCMKTS:ACFN) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.54 and traded as high as $8.95. Acorn Energy shares last traded at $8.95, with a volume of 266 shares traded.

Acorn Energy Trading Down 6.1 %

The stock has a market cap of $22.29 million, a price-to-earnings ratio of 127.86 and a beta of 0.68. The stock’s 50-day moving average price is $9.35 and its 200-day moving average price is $7.54.

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

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.