Acorn Energy (NASDAQ:ACFN) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Acorn Energy (NASDAQ:ACFN) to a hold rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Acorn Energy in a research report on Friday, August 7th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Acorn Energy Stock Performance

Shares of ACFN opened at $19.03 on Friday. Acorn Energy has a one year low of $12.42 and a one year high of $32.00. The stock has a market capitalization of $47.77 million, a price-to-earnings ratio of 31.20 and a beta of 0.24. The stock has a 50 day moving average price of $18.88 and a 200 day moving average price of $18.26.

Acorn Energy (NASDAQ:ACFN) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.12 earnings per share for the quarter. Acorn Energy had a return on equity of 10.06% and a net margin of 16.12%.The company had revenue of $2.49 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Acorn Energy stock. Citadel Advisors LLC bought a new stake in Acorn Energy Inc. (NASDAQ:ACFN) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,282 shares of the company’s stock, valued at approximately $323,000. Citadel Advisors LLC owned 0.45% of Acorn Energy as of its most recent SEC filing.

Acorn Energy Company Profile

Acorn Energy, Inc, through 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.