Shares of Acorn Energy Inc (OTCMKTS:ACFN) have been moving within a narrow range over the past sessions.
Market Action
On Tuesday, ACFN stock ended flat at $0.49 with 1.6K shares, compared to its average volume of 20K shares. The stock moved within a range of $0.4900 – 0.4900 after opening trade at $0.49.
Key Details
Provider of Internet of Things remote monitoring and control solutions for gas pipelines, power generators and air compressors, Acorn Energy Inc (OTCMKTS:ACFN), through OmniMetrix subsidiary, will host quarter-four 2021 conference call on March 31, 2022. Tracy Clifford, CFO and Jan Loeb, President and CEO, will discuss quarter four and complete year financial results as well as answer investor questions.
The results would be released prior to market opening. The conference call will be hosted at 11:00 am ET and people may use the Dial-in Number: 1-844-834-0644 or 1-412-317-5190. Furthermore, transcripts would be also posted. Anyone having queries may submit questions through email acfn@catalyst-ir.com
Acorn Energy, Inc has 99% equity stake in OmniMetrix, LLC, pioneer and leader in machine-to-machine and Internet of Things wireless remote monitoring. It also gives control solutions for stand-by power generators, air compressors and gas pipelines.
OmniMetrix has a proven and cost-effective solution that ensures critical systems become increasingly reliable. The firm monitors tens of thousands of assets for customers including the Fortune 500 companies. The firm’s solutions monitor equipments utilized in manufacturing plants, cell towers, data centers, medical facilities, retail stores, energy distribution, public transportation systems. Additionally, they monitor federal, state as well as municipal government facilities. OmniMetrix solutions also monitor generators in homes.
Traders Note
ACFN stock is trading below the 20-Day and 50-Day Moving averages of $0.53 and $0.56 respectively. Moreover, the stock is trading is the oversold zone with RSI stands at 36.
