Acorn Energy (OTCMKTS:ACFN) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Acorn Energy, Inc. (OTCMKTS:ACFN) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.29 and traded as high as $18.61. Acorn Energy shares last traded at $18.20, with a volume of 1,316 shares.

Acorn Energy Stock Performance

The company has a market cap of $44.82 million, a PE ratio of 39.13 and a beta of 0.69. The company has a 50 day simple moving average of $18.23 and a two-hundred day simple moving average of $13.38.

Acorn Energy (OTCMKTS:ACFN) last issued its earnings results on Thursday, November 7th. The technology company reported $0.29 earnings per share (EPS) for the quarter. Acorn Energy had a net margin of 11.80% and a negative return on equity of 275.24%. The company had revenue of $3.05 million during the quarter.

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.