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

Shares of Acorn Energy, Inc. (OTCMKTS:ACFN) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.49 and traded as high as $15.40. Acorn Energy shares last traded at $15.40, with a volume of 1,895 shares traded.

Acorn Energy Price Performance

The company has a fifty day moving average price of $12.20 and a two-hundred day moving average price of $10.59. The company has a market capitalization of $44.82 million, a P/E ratio of 37.72 and a beta of 0.61.

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.