Acorn Energy (NASDAQ:ACFN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Acorn Energy (NASDAQ:ACFN – Free Report) to a hold rating in a research note released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Acorn Energy in a research report on Friday, August 7th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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Acorn Energy Price Performance

Acorn Energy stock opened at $19.03 on Friday. The stock’s fifty day moving average price is $18.92 and its two-hundred day moving average price is $18.27. Acorn Energy has a one year low of $12.42 and a one year high of $32.00. The firm has a market cap of $47.77 million, a PE ratio of 31.20 and a beta of 0.24.

Acorn Energy (NASDAQ:ACFN – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.12 earnings per share for the quarter. Acorn Energy had a return on equity of 10.06% and a net margin of 16.12%.The firm had revenue of $2.49 million during the quarter.

Institutional Trading of Acorn Energy

An institutional investor recently raised its position in Acorn Energy stock. Geode Capital Management LLC boosted its holdings in Acorn Energy Inc. (NASDAQ:ACFN – Free Report) by 29.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,500 shares of the company’s stock after buying an additional 3,515 shares during the quarter. Geode Capital Management LLC owned approximately 0.62% of Acorn Energy worth $234,000 at the end of the most recent reporting period.

Acorn Energy Company Profile

(Get Free Report)

Acorn Energy, Inc, through its subsidiaries, develops and markets wireless remote monitoring and control systems for various markets in the United States and internationally. It operates through 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, compressors, pumps, pumpjacks, light towers, turbines, and other industrial equipment; and Internet of Things applications.

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