Acorn Energy Inc. Sets New 1-Year Low at $5.65 (ACFN)
Acorn Energy (NASDAQ:ACFN) set a new 52-week low during mid-day trading on Wednesday, ARN reports. The stock traded as low as $5.65 and last traded at $5.66, with a volume of 91,086 shares. The stock had previously closed at $5.96.
ACFN has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus downgraded shares of Acorn Energy (NASDAQ:ACFN) from a “hold” rating to a “sell” rating in a research note to investors on Monday, September 2nd. Finally, analysts at Maxim Group downgraded shares of Acorn Energy (NASDAQ:ACFN) from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 9th. They now have a $12.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.92.
Acorn Energy has a 52 week low of $5.53 and a 52 week high of $9.90. The stock’s 50-day moving average is $6.16 and its 200-day moving average is $7.50. The company’s market cap is $100.6 million.
Acorn Energy (NASDAQ:ACFN) last announced its earnings results on Wednesday, August 7th. The company reported ($0.31) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.23) by $0.08. The company had revenue of $5.20 million for the quarter, compared to the consensus estimate of $6.60 million. On average, analysts predict that Acorn Energy will post $-1.01 earnings per share for the current fiscal year.
Acorn Energy, Inc (NASDAQ:ACFN) is a holding company.
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