FalconStor Software (OTCMKTS:FALC) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of FalconStor Software, Inc. (OTCMKTS:FALC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.58 and traded as high as $1.75. FalconStor Software shares last traded at $1.65, with a volume of 1,140 shares.

FalconStor Software Price Performance

The company’s 50-day simple moving average is $1.53 and its 200-day simple moving average is $1.58. The stock has a market capitalization of $14.29 million, a price-to-earnings ratio of -50.00 and a beta of 2.16.

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

FalconStor Software Company Profile

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.