Acorn Energy (OTCMKTS:ACFN) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Acorn Energy, Inc. (OTCMKTS:ACFN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.51 and traded as high as $12.25. Acorn Energy shares last traded at $11.55, with a volume of 12,892 shares changing hands.

Acorn Energy Stock Performance

The company’s 50 day moving average price is $10.25 and its 200 day moving average price is $9.51. The company has a market cap of $28.72 million, a price-to-earnings ratio of 165.00 and a beta of 0.65.

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

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.