Acorn Energy (ACFN) Scheduled to Post Quarterly Earnings on Wednesday

Acorn Energy (OTCMKTS:ACFN) is set to issue its quarterly earnings data after the market closes on Wednesday, August 14th.

Acorn Energy (OTCMKTS:ACFN) last released its quarterly earnings results on Wednesday, May 15th. The technology company reported ($0.01) EPS for the quarter. The company had revenue of $1.33 million during the quarter.

ACFN traded down $0.02 on Friday, hitting $0.29. The company had a trading volume of 45,549 shares, compared to its average volume of 19,537. Acorn Energy has a 12-month low of $0.15 and a 12-month high of $0.45. The company’s fifty day moving average is $0.32.

In other news, insider Jan H. Loeb acquired 5,409,062 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was acquired at an average price of $0.24 per share, with a total value of $1,298,174.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary Mohr acquired 833,332 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was purchased at an average cost of $0.24 per share, with a total value of $199,999.68. The disclosure for this purchase can be found here. Company insiders own 13.50% of the company’s stock.

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, batteries, pumps, pumpjacks, light towers, turbines, and other industrial equipment; and Internet of Things applications.

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Earnings History for Acorn Energy (OTCMKTS:ACFN)

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