Acorn Energy (OTCMKTS:ACFN) Stock Price Crosses Above 200 Day Moving Average of $6.64

Acorn Energy, Inc. (OTCMKTS:ACFN) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.64 and traded as high as $8.50. Acorn Energy shares last traded at $8.00, with a volume of 1,176 shares trading hands.

Acorn Energy Trading Down 11.1 %

The firm has a 50 day moving average of $7.30 and a 200-day moving average of $6.64. The company has a market cap of $19.92 million, a P/E ratio of 200.05 and a beta of 0.68.

Acorn Energy (OTCMKTS:ACFN) last released its quarterly earnings data on Thursday, March 7th. The technology company reported $0.03 earnings per share (EPS) for the quarter. Acorn Energy had a negative return on equity of 12.58% and a net margin of 1.48%. The business had revenue of $2.25 million for the quarter.

About Acorn Energy

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.