Acorn Energy (OTCMKTS:ACFN) Stock Crosses Above Two Hundred Day Moving Average of $6.52

Shares of Acorn Energy, Inc. (OTCMKTS:ACFN) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.52 and traded as high as $7.00. Acorn Energy shares last traded at $7.00, with a volume of 188 shares trading hands.

Acorn Energy Stock Performance

The company has a market cap of $17.43 million, a price-to-earnings ratio of 175.00 and a beta of 0.78. The firm’s fifty day moving average price is $6.79 and its 200-day moving average price is $6.51.

Acorn Energy (OTCMKTS:ACFN) last announced its quarterly earnings results on Thursday, March 7th. The technology company reported $0.03 earnings per share (EPS) for the quarter. Acorn Energy had a net margin of 1.48% and a negative return on equity of 12.58%. The company had revenue of $2.25 million during 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 through 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, compressors, pumps, pumpjacks, light towers, turbines, and other industrial equipment; and Internet of Things applications.