Acorn Energy (OTCMKTS:ACFN) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Acorn Energy, Inc. (OTCMKTS:ACFN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.29 and traded as high as $18.61. Acorn Energy shares last traded at $18.20, with a volume of 1,316 shares traded.

Acorn Energy Stock Performance

The company’s fifty day moving average price is $18.23 and its two-hundred day moving average price is $13.38. The firm has a market capitalization of $44.82 million, a PE ratio of 39.13 and a beta of 0.69.

Acorn Energy (OTCMKTS:ACFN) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $0.29 earnings per share (EPS) for the quarter. Acorn Energy had a negative return on equity of 275.24% and a net margin of 11.80%. The firm had revenue of $3.05 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 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.