FalconStor Software, Inc. (OTCMKTS:FALC – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.59 and traded as high as $1.62. FalconStor Software shares last traded at $1.62, with a volume of 360 shares trading hands.
FalconStor Software Trading Down 4.7%
The firm has a market cap of $11.58 million, a P/E ratio of -5.79 and a beta of 0.54. The stock has a 50 day simple moving average of $1.48 and a 200-day simple moving average of $1.59.
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.
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