Acorn Energy (OTCMKTS:ACFN) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• The stock price of Acorn Energy Inc. has recently surpassed its 200-day moving average, indicating potential bullish momentum.
• Currently, Acorn Energy shares are trading at $25.16, significantly above its 200-day moving average of $17.81, suggesting strong investor interest.
• Acorn Energy operates in the wireless remote monitoring sector and has a market capitalization of $62.93 million with a PE ratio of 9.42.

Acorn Energy Inc. (OTCMKTS:ACFN - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $17.81 and traded as high as $26.59. Acorn Energy shares last traded at $25.16, with a volume of 13,696 shares changing hands.

Acorn Energy Price Performance

The stock has a market capitalization of $66.63 million, a P/E ratio of 9.98 and a beta of 0.49. The firm has a 50 day moving average of $20.84 and a 200-day moving average of $18.05.

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.