Acorn Energy (ACFN) Releases Quarterly Earnings Results
Acorn Energy (NASDAQ:ACFN) issued its quarterly earnings data on Monday. The company reported ($0.25) earnings per share for the quarter, ARN reports.
A number of analysts have recently weighed in on ACFN shares. Analysts at Maxim Group cut their price target on shares of Acorn Energy from $6.00 to $5.00 in a research note on Wednesday, May 14th. They now have a “buy” rating on the stock. Analysts at Chardan Capital downgraded shares of Acorn Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 13th. They now have a $8.00 price target on the stock.
Acorn Energy (NASDAQ:ACFN) traded up 3.86% on Monday, hitting $2.15. The stock had a trading volume of 88,679 shares. Acorn Energy has a 52 week low of $1.35 and a 52 week high of $7.16. The stock has a 50-day moving average of $2.30 and a 200-day moving average of $2.72. The company’s market cap is $47.7 million.
Acorn Energy, Inc (NASDAQ:ACFN) is a holding company.
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