FalconStor Software (OTCMKTS:FALC) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

FalconStor Software, Inc. (OTCMKTS:FALC)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.64 and traded as high as $1.6563. FalconStor Software shares last traded at $1.6563, with a volume of 484 shares.

FalconStor Software Price Performance

The stock has a market cap of $11.84 million, a price-to-earnings ratio of -5.92 and a beta of 0.54. The firm has a 50 day simple moving average of $1.42 and a two-hundred day simple moving average of $1.64.

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

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.