Acorn Energy (OTCMKTS:ACFN) Shares Pass Above 200 Day Moving Average of $9.02

Acorn Energy, Inc. (OTCMKTS:ACFN)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.02 and traded as high as $9.55. Acorn Energy shares last traded at $9.45, with a volume of 2,935 shares changing hands.

Acorn Energy Trading Up 1.1 %

The stock has a market cap of $23.75 million, a PE ratio of 136.43 and a beta of 0.65. The firm’s 50-day moving average price is $9.72 and its two-hundred day moving average price is $9.05.

Acorn Energy (OTCMKTS:ACFN) last announced its earnings results on Thursday, August 8th. The technology company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $2.28 million for the quarter. Acorn Energy had a negative return on equity of 61.26% and a net margin of 5.08%.

About Acorn Energy

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.