Acorn Energy (OTCMKTS:ACFN) Share Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Acorn Energy's share price has recently surpassed its 200-day moving average of $17.11, reaching a high of $29.95 before settling at $29.19.
• The company reported a net margin of 56.00% and a return on equity of 78.08% in its latest quarterly earnings, posting $0.19 earnings per share.
• With a market capitalization of $68.77 million and a price-to-earnings ratio of 10.31, Acorn Energy operates in the wireless remote monitoring and control systems market.

Acorn Energy Inc. (OTCMKTS:ACFN - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.11 and traded as high as $29.95. Acorn Energy shares last traded at $29.19, with a volume of 73,575 shares traded.

Acorn Energy Price Performance

The stock has a fifty day moving average price of $18.93 and a two-hundred day moving average price of $17.41. The company has a market cap of $69.89 million, a P/E ratio of 10.48 and a beta of 0.49.

Acorn Energy (OTCMKTS:ACFN - Get Free Report) last announced its earnings results on Thursday, May 8th. The technology company reported $0.19 EPS for the quarter. Acorn Energy had a net margin of 56.00% and a return on equity of 78.08%.

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.