Shares of FalconStor Software, Inc. (OTCMKTS:FALC – Get Free Report) fell 3.7% during trading on Monday. The stock traded as low as $1.16 and last traded at $1.30. Approximately 7,791 shares were traded during trading, an increase of 914% from the average daily volume of 768 shares. The stock had previously closed at $1.35.
FalconStor Software Stock Performance
The firm has a market capitalization of $9.29 million, a P/E ratio of 8.13 and a beta of 0.48. The business’s fifty day moving average price is $1.66 and its two-hundred day moving average price is $2.11.
About FalconStor Software
FalconStor Software, Inc develops software designed to help organizations protect, manage and recover business data. Its solutions have focused on data protection, backup and disaster recovery, storage virtualization, and business continuity for physical, virtual and cloud environments.
The company has offered products and platforms supporting centralized backup management, continuous data protection, replication, storage resource management and recovery operations. FalconStor’s technologies are intended to help businesses reduce data loss, improve system availability and simplify the administration of heterogeneous storage infrastructures.
Founded in 1995, FalconStor has historically served enterprise customers, government organizations and managed service providers through direct and channel-based sales across international markets.
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