FalconStor Software (OTCMKTS:FALC) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

FalconStor Software, Inc. (OTCMKTS:FALC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.63 and traded as high as $2.45. FalconStor Software shares last traded at $2.2720, with a volume of 6,191 shares changing hands.

FalconStor Software Stock Performance

The company’s fifty day moving average price is $1.84 and its two-hundred day moving average price is $1.63. The firm has a market cap of $16.24 million, a P/E ratio of -45.43 and a beta of 0.55.

FalconStor Software (OTCMKTS:FALC) last announced its earnings results on Wednesday, March 4th. The software maker reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $3.31 million during the quarter. FalconStor Software had a net margin of 11.07% and a negative return on equity of 5.89%.

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.