Acorn Energy (OTCMKTS:ACFN) Announces Quarterly Earnings Results

Acorn Energy (OTCMKTS:ACFN) released its quarterly earnings data on Thursday. The technology company reported $0.31 earnings per share (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 Performance

Acorn Energy stock traded up $0.96 during trading on Thursday, reaching $17.30. 1,496 shares of the company’s stock were exchanged, compared to its average volume of 1,700. The company’s 50-day moving average is $17.81 and its two-hundred day moving average is $14.97. Acorn Energy has a 52-week low of $6.04 and a 52-week high of $19.50. The firm has a market cap of $43.09 million, a price-to-earnings ratio of 37.61 and a beta of 0.68.

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.