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

Key Points

• Acorn Energy Inc. (OTCMKTS:ACFN) shares have surpassed their 200-day moving average of $19.62, trading at a peak of $31.16 before settling at $28.88.
• The company has a market capitalization of $72.23 million and a price-to-earnings ratio of 10.82, indicating potentially attractive valuation metrics.
• Acorn Energy specializes in developing and marketing wireless remote monitoring systems across various sectors, including power generation and industrial equipment.

Acorn Energy Inc. (OTCMKTS:ACFN - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.62 and traded as high as $31.16. Acorn Energy shares last traded at $28.88, with a volume of 14,996 shares traded.

Acorn Energy Stock Performance

The firm's 50 day moving average is $25.94 and its 200 day moving average is $19.82. The stock has a market cap of $76.48 million, a P/E ratio of 11.45 and a beta of 0.23.

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.