Acorn Energy (OTCMKTS:ACFN) Releases Quarterly Earnings Results

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

Acorn Energy Stock Up 5.9 %

Shares of ACFN traded up $0.96 during mid-day trading on Thursday, hitting $17.30. The stock had a trading volume of 1,496 shares, compared to its average volume of 1,700. Acorn Energy has a fifty-two week low of $6.04 and a fifty-two week high of $19.50. The company has a market cap of $43.09 million, a PE ratio of 37.61 and a beta of 0.68. The company’s fifty day simple moving average is $17.81 and its two-hundred day simple moving average is $14.97.

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.