Acorn Energy (ACFN) Issues Quarterly Earnings Results
Acorn Energy (OTCMKTS:ACFN) released its quarterly earnings results on Tuesday. The technology company reported ($0.04) earnings per share for the quarter, Bloomberg Earnings reports. Acorn Energy had a negative return on equity of 126.24% and a negative net margin of 26.87%.
OTCMKTS ACFN opened at $0.34 on Wednesday. Acorn Energy has a twelve month low of $0.15 and a twelve month high of $0.45.
In other Acorn Energy news, insider Jan H. Loeb purchased 126,694 shares of the stock in a transaction dated Wednesday, March 28th. The stock was acquired at an average cost of $0.30 per share, for a total transaction of $38,008.20. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 12.80% of the company’s stock.
Acorn Energy, Inc, through 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) and Cathodic Protection (CP) monitoring. The PG segment develops and markets wireless remote monitoring and control systems, and services for critical assets, which include stand-by power generators, compressors, batteries, pumps, pumpjacks, light towers, turbines, and other industrial equipment; and Internet of Things applications.
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