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

Acorn Energy, Inc. (OTCMKTS:ACFN)’s share price 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 50 day moving average price of $6.79 and a 200 day moving average price of $6.51. The firm has a market cap of $17.43 million, a price-to-earnings ratio of 175.00 and a beta of 0.78.

Acorn Energy (OTCMKTS:ACFN) last announced its quarterly earnings data on Thursday, March 7th. The technology company reported $0.03 EPS for the quarter. Acorn Energy had a negative return on equity of 12.58% and a net margin of 1.48%. 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.