Acorn Energy (OTCMKTS:ACFN) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Acorn Energy, Inc. (OTCMKTS:ACFNGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.39 and traded as high as $18.55. Acorn Energy shares last traded at $18.55, with a volume of 1,451 shares.

Acorn Energy Trading Down 5.7 %

The firm’s 50 day moving average price is $17.01 and its two-hundred day moving average price is $12.43. The company has a market capitalization of $43.59 million, a price-to-earnings ratio of 38.04 and a beta of 0.69.

About Acorn Energy

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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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