Acorn Energy (OTCMKTS:ACFN) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of Acorn Energy, Inc. (OTCMKTS:ACFN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.80 and traded as high as $18.25. Acorn Energy shares last traded at $17.95, with a volume of 2,440 shares traded.

Acorn Energy Trading Down 0.3%

The company has a market cap of $44.71 million, a P/E ratio of 39.02 and a beta of 0.49. The stock’s 50-day moving average price is $15.75 and its 200-day moving average price is $16.81.

Acorn Energy (OTCMKTS:ACFN) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter. Acorn Energy had a net margin of 11.80% and a negative return on equity of 275.24%.

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.