FalconStor Software (OTCMKTS:FALC) Shares Cross Above 200 Day Moving Average – Here’s Why

Shares of FalconStor Software, Inc. (OTCMKTS:FALC) 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 trading hands.

FalconStor Software Stock Performance

The firm has a 50-day moving average price of $1.59 and a two-hundred day moving average price of $1.56.

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

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.