Acorn Energy (OTCMKTS:ACFN) Posts Quarterly Earnings Results

Acorn Energy (OTCMKTS:ACFN) issued its quarterly earnings data on Thursday. The technology company reported $0.31 EPS for the quarter, Zacks reports. Acorn Energy had a net margin of 11.80% and a negative return on equity of 275.24%.

Acorn Energy Price Performance

Shares of ACFN traded up $0.96 during midday trading on Thursday, hitting $17.30. The stock had a trading volume of 1,496 shares, compared to its average volume of 1,700. The firm has a market cap of $43.09 million, a price-to-earnings ratio of 37.61 and a beta of 0.68. The company has a 50 day simple moving average of $17.81 and a two-hundred day simple moving average of $14.97. Acorn Energy has a twelve month low of $6.04 and a twelve month high of $19.50.

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.