FalconStor Software (OTCMKTS:FALC) Stock Passes Above 200 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 $1.56 and traded as high as $1.78. FalconStor Software shares last traded at $1.78, with a volume of 1,200 shares changing hands.

FalconStor Software Stock Down 4.1 %

The firm has a market capitalization of $12.67 million, a price-to-earnings ratio of -44.38 and a beta of 2.07. The stock’s 50 day moving average price is $1.59 and its two-hundred day moving average price is $1.56.

FalconStor Software (OTCMKTS:FALC) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $0.03 earnings per share (EPS) for the quarter. FalconStor Software had a net margin of 13.98% and a negative return on equity of 8.94%. The firm had revenue of $2.93 million during the quarter.

About FalconStor Software

FalconStor Software, Inc, a storage software company, enables enterprise customers and managed service providers to secure, migrate, and protect their data worldwide. It offers FalconStor Virtual Tape Library, a software that emulates and replaces cumbersome physical tape libraries for archive related data preservation without being replacing their enterprise backup and archive software and associated processes; FalconStor StorSafe, a long-term archive data management software; FalconStor Continuous Data Protector delivers instant data availability, and reliable recovery; and FalconStor Network Storage Server for data storage virtualization and business continuity in heterogeneous environments.