Acorn Energy (OTCMKTS:ACFN) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Acorn Energy, Inc. (OTCMKTS:ACFNGet Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.84 and traded as high as $18.11. Acorn Energy shares last traded at $18.10, with a volume of 2,337 shares changing hands.

Acorn Energy Price Performance

The firm has a fifty day simple moving average of $15.86 and a two-hundred day simple moving average of $11.90. The firm has a market capitalization of $44.78 million, a P/E ratio of 39.13 and a beta of 0.69.

Acorn Energy Company Profile

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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.

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