Acorn Energy (OTCMKTS:ACFN) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Acorn Energy, Inc. (OTCMKTS:ACFNGet Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.39 and traded as high as $18.55. Acorn Energy shares last traded at $18.55, with a volume of 1,451 shares trading hands.

Acorn Energy Trading Up 3.7 %

The stock has a market capitalization of $46.21 million, a PE ratio of 40.33 and a beta of 0.69. The firm has a 50 day moving average price of $16.92 and a 200 day moving average price of $12.39.

About Acorn Energy

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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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