FalconStor Software (OTCMKTS:FALC) Share Price Crosses Above 200 Day Moving Average – What’s Next?
by Renee Jackson · The Cerbat GemShares of FalconStor Software, Inc. (OTCMKTS:FALC – Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.32 and traded as high as $2.48. FalconStor Software shares last traded at $2.48, with a volume of 540 shares trading hands.
FalconStor Software Price Performance
The stock has a market capitalization of $12.03 million, a P/E ratio of 12.94 and a beta of 0.42. The stock’s fifty day moving average is $2.63 and its two-hundred day moving average is $2.33.
FalconStor Software (OTCMKTS:FALC – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The software maker reported ($0.08) EPS for the quarter. FalconStor Software had a net margin of 18.06% and a negative return on equity of 11.53%. The company had revenue of $2.63 million for the quarter.
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.