FalconStor Software (OTCMKTS:FALC) Share Price 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 Monday . The stock has a 200-day moving average of $2.05 and traded as high as $2.70. FalconStor Software shares last traded at $2.70, with a volume of 1,975 shares changing hands.

FalconStor Software Stock Down 1.1%

The stock has a market capitalization of $19.09 million, a price-to-earnings ratio of 20.54 and a beta of 0.36. The company’s fifty day simple moving average is $2.66 and its 200 day simple moving average is $2.06.

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

FalconStor Software Company Profile

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.