Maxim Group lowered shares of Acorn Energy (NASDAQ:ACFN) from a buy rating to a hold rating in a report released on Friday, TheFlyOnTheWall.com reports. Maxim Group currently has $12.00 price objective on the stock.
Shares of Acorn Energy (NASDAQ:ACFN) traded up 2.70% during mid-day trading on Friday, hitting $6.46. Acorn Energy has a 52 week low of $6.16 and a 52 week high of $11.00. The stock’s 50-day moving average is currently $8.53. The company’s market cap is $116.7 million.
Separately, analysts at Chardan Capital initiated coverage on shares of Acorn Energy in a research note to investors on Thursday, July 11th. They set a buy rating and a $14.00 price target on the stock.
In other Acorn Energy news, Director Christopher E. Clouser acquired 7,200 shares of Acorn Energy stock on the open market in a transaction that occured on Friday, August 9th. The stock was purchased at an average price of $6.95 per share, with a total value of $50,040.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Acorn Energy, Inc (NASDAQ:ACFN) is a holding company.
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