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Acorn Energy (OTCMKTS:ACFN) Shares Cross Above 200 Day Moving Average - Time to Sell?

Acorn Energy logo with Computer and Technology background

Key Points

  • Acorn Energy's stock price surpassed its 200-day moving average during trading, reaching a high of $29.66 before closing at $27.90.
  • The company has a market capitalization of $69.78 million and a price-to-earnings ratio of 10.45, indicating relatively low valuation metrics.
  • Acorn Energy specializes in developing wireless remote monitoring and control systems for critical assets in various industries, including power generation and industrial equipment.
  • Five stocks to consider instead of Acorn Energy.

Acorn Energy Inc. (OTCMKTS:ACFN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.64 and traded as high as $29.66. Acorn Energy shares last traded at $27.90, with a volume of 29,178 shares traded.

Acorn Energy Stock Down 1.4%

The firm's 50-day moving average price is $22.85 and its 200 day moving average price is $18.78. The company has a market capitalization of $69.08 million, a P/E ratio of 10.34 and a beta of 0.23.

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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