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

FalconStor Software, Inc. (OTCMKTS:FALC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.59 and traded as high as $2.25. FalconStor Software shares last traded at $2.25, with a volume of 205 shares traded.

FalconStor Software Price Performance

The stock has a market capitalization of $16.09 million, a PE ratio of -44.99 and a beta of 0.55. The stock’s 50 day simple moving average is $1.59 and its two-hundred day simple moving average is $1.59.

FalconStor Software (OTCMKTS:FALC) last released its earnings results on Wednesday, March 4th. The software maker reported $0.19 earnings per share for the quarter. The firm had revenue of $3.31 million during the quarter. FalconStor Software had a net margin of 11.07% and a negative return on equity of 5.89%.

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.