Acorn Energy (OTCMKTS:ACFN) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Acorn Energy, Inc. (OTCMKTS:ACFN)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.49 and traded as high as $17.05. Acorn Energy shares last traded at $16.41, with a volume of 5,327 shares changing hands.

Acorn Energy Stock Down 4.0 %

The company has a 50 day moving average price of $17.53 and a 200-day moving average price of $15.53. The company has a market cap of $40.88 million, a price-to-earnings ratio of 35.68 and a beta of 0.62.

Acorn Energy (OTCMKTS:ACFN) last released its earnings results on Thursday, March 6th. The technology company reported $0.31 earnings per share for the quarter. The business had revenue of $3.53 million during 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.