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

Key Points

• Acorn Energy's stock surpassed its 200-day moving average of $18.21, reaching a high of $30.40 and last trading at $28.72.
• The company has a market capitalization of $71.83 million and a price-to-earnings ratio of 10.76, indicating potential growth opportunities.
• Acorn Energy specializes in wireless remote monitoring and control systems, servicing critical assets in various industrial sectors both in the U.S. and internationally.

Acorn Energy Inc. (OTCMKTS:ACFN - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.21 and traded as high as $30.40. Acorn Energy shares last traded at $28.72, with a volume of 38,158 shares trading hands.

Acorn Energy Stock Up 2.0%

The firm has a market capitalization of $69.18 million, a P/E ratio of 10.36 and a beta of 0.49. The business's 50-day simple moving average is $22.04 and its 200 day simple moving average is $18.49.

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.