FalconStor Software (OTCMKTS:FALC) Share Price Crosses Above 200 Day Moving Average – Here’s Why

FalconStor Software, Inc. (OTCMKTS:FALC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.63 and traded as high as $2.45. FalconStor Software shares last traded at $2.2720, with a volume of 6,191 shares changing hands.

FalconStor Software Trading Down 6.3%

The firm has a market capitalization of $16.24 million, a price-to-earnings ratio of -45.43 and a beta of 0.55. The stock has a fifty day moving average price of $1.81 and a 200-day moving average price of $1.63.

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

FalconStor Software Company Profile

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.