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

Acorn Energy logo with Computer and Technology background

Acorn Energy Inc. (OTCMKTS:ACFN - Get Free Report) crossed 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 changing hands.

Acorn Energy Trading Up 1.7%

The stock has a market cap of $72.92 million, a P/E ratio of 10.93 and a beta of 0.49. The company has a 50-day moving average price of $18.25 and a two-hundred day moving average price of $17.18.

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

Acorn Energy Company Profile

(Get Free Report)

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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