FalconStor Software (OTCMKTS:FALC) Share Price Crosses Above 200-Day Moving Average – What’s Next?

FalconStor Software, Inc. (OTCMKTS:FALC) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.66 and traded as high as $1.73. FalconStor Software shares last traded at $1.4250, with a volume of 849 shares traded.

FalconStor Software Stock Down 17.2%

The stock has a market capitalization of $10.19 million, a P/E ratio of -5.09 and a beta of 0.56. The stock’s 50 day moving average price is $1.41 and its 200-day moving average price is $1.66.

FalconStor Software (OTCMKTS:FALC) last posted its earnings results on Wednesday, November 5th. The software maker reported ($0.07) earnings per share for the quarter. FalconStor Software had a negative return on equity of 2.03% and a negative net margin of 2.69%.

About FalconStor Software

FalconStor Software, Inc is a provider of enterprise data protection and storage virtualization solutions designed to help organizations manage, protect and recover their critical data. The company’s offerings focus on reducing the complexity and cost of backup, replication and disaster recovery through software-defined storage technologies. By abstracting physical storage resources and automating data movement, FalconStor enables seamless integration with heterogeneous storage environments.

The company’s flagship platform, FreeStor, delivers a vendor-agnostic storage virtualization layer that supports continuous data protection (CDP), snapshot management, replication and orchestration across on-premises, cloud and hybrid infrastructures.