Acorn Energy (OTCMKTS:ACFN) Stock Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Acorn Energy's stock price has recently surpassed its 200-day moving average, indicating potential growth, with current trading at $30.14.
• The company's market capitalization stands at $75.38 million and it has a price-to-earnings ratio of 11.29.
• Acorn Energy operates in the wireless remote monitoring sector, offering services for power generation and cathodic protection monitoring systems.

Acorn Energy Inc. (OTCMKTS:ACFN - )'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.09 and traded as high as $30.50. Acorn Energy shares last traded at $30.14, with a volume of 11,083 shares changing hands.

Acorn Energy Stock Up 3.2%

The company has a market capitalization of $75.38 million, a price-to-earnings ratio of 11.29 and a beta of 0.23. The firm has a 50 day moving average price of $23.86 and a two-hundred day moving average price of $19.09.

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.

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