Acorn Energy (OTCMKTS:ACFN) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Acorn Energy Inc. (OTCMKTS:ACFNGet Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.90 and traded as high as $25.43. Acorn Energy shares last traded at $24.60, with a volume of 6,591 shares trading hands.

Acorn Energy Stock Down 1.8%

The company has a market capitalization of $61.52 million, a price-to-earnings ratio of 9.21 and a beta of 0.14. The company’s 50 day simple moving average is $27.44 and its two-hundred day simple moving average is $21.90.

About Acorn Energy

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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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