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

FalconStor Software, Inc. (OTCMKTS:FALC)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.23 and traded as high as $2.40. FalconStor Software shares last traded at $2.40, with a volume of 500 shares trading hands.

FalconStor Software Stock Up 2.1%

The company has a 50 day moving average of $2.71 and a two-hundred day moving average of $2.23. The firm has a market cap of $17.16 million, a P/E ratio of 18.46 and a beta of 0.37.

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

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.