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Acorn Energy (OTCMKTS:ACFN) Stock Passes Above 200 Day Moving Average - Here's What Happened

Acorn Energy logo with Computer and Technology background

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.
  • MarketBeat previews the top five stocks to own by November 1st.

Acorn Energy Inc. (OTCMKTS:ACFN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Acorn Energy Stock Performance

The firm has a market cap of $71.90 million, a price-to-earnings ratio of 10.77 and a beta of 0.23. The stock's fifty day moving average is $24.89 and its two-hundred day moving average is $19.46.

About Acorn Energy

(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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