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 Stock Up 5.9 %

ACFN stock traded up $0.96 during trading on Thursday, hitting $17.30. The company had a trading volume of 1,496 shares, compared to its average volume of 1,700. The firm has a 50-day moving average price of $17.81 and a 200-day moving average price of $14.97. Acorn Energy has a 12 month low of $6.04 and a 12 month high of $19.50. The stock has a market cap of $43.09 million, a price-to-earnings ratio of 37.61 and a beta of 0.68.

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.