Acorn Energy (OTCMKTS:ACFN) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Acorn Energy Inc. (OTCMKTS:ACFN) has surpassed its 200-day moving average of $21.03, trading as high as $26.50 with a recent volume of 18,837 shares.
• The stock is currently up 4.4% and has a market cap of $66.28 million along with a PE ratio of 9.93.
• Acorn Energy specializes in developing wires remote monitoring and control systems for power generation and cathodic protection markets, both domestically and internationally.

Acorn Energy Inc. (OTCMKTS:ACFN - ) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $21.03 and traded as high as $26.50. Acorn Energy shares last traded at $26.50, with a volume of 18,837 shares changing hands.

Acorn Energy Stock Up 4.4%

The company's fifty day moving average is $28.13 and its 200 day moving average is $21.03. The stock has a market cap of $66.28 million, a PE ratio of 9.93 and a beta of 0.14.

Acorn Energy Company Profile

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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