FalconStor Software (OTCMKTS:FALC) Shares Pass Above 200-Day Moving Average of $1.13

FalconStor Software, Inc. (OTCMKTS:FALC – Get Rating)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.13 and traded as high as $1.50. FalconStor Software shares last traded at $1.50, with a volume of 473 shares.

FalconStor Software Trading Up 85.2 %

The stock’s 50 day moving average price is $1.23 and its 200 day moving average price is $1.13. The company has a market capitalization of $10.68 million, a price-to-earnings ratio of -3.12 and a beta of 1.71.

FalconStor Software (OTCMKTS:FALC – Get Rating) last issued its earnings results on Wednesday, November 9th. The software maker reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $3.06 million for the quarter.

About FalconStor Software

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FalconStor Software, Inc, a storage software company, enables enterprise customers and managed service providers to secure, migrate, and protect their data worldwide. The company offers FalconStor Virtual Tape Library, a software that emulates and replaces cumbersome legacy physical tape libraries for archive related data preservation without being forced to replace their enterprise backup and archive software and associated processes; FalconStor StorSafe, a long-term archive data management software; FalconStor Continuous Data Protector delivers instant data availability, and reliable recovery; and FalconStor Network Storage Server for data storage virtualization and business continuity in heterogeneous environments.