FalconStor Software (OTCMKTS:FALC) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

FalconStor Software, Inc. (OTCMKTS:FALC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.12 and traded as high as $2.89. FalconStor Software shares last traded at $2.55, with a volume of 8,544 shares traded.

FalconStor Software Price Performance

The stock’s 50 day moving average is $2.71 and its two-hundred day moving average is $2.12. The stock has a market capitalization of $18.23 million, a PE ratio of 19.62 and a beta of 0.37.

FalconStor Software (OTCMKTS:FALC) last announced its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.12 earnings per share for the quarter. FalconStor Software had a net margin of 18.06% and a negative return on equity of 11.53%.

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.