FalconStor Software (OTCMKTS:FALC) Share Price Passes Above 200-Day Moving Average of $1.40

FalconStor Software, Inc. (OTCMKTS:FALC)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.40 and traded as high as $1.80. FalconStor Software shares last traded at $1.80, with a volume of 300 shares.

FalconStor Software Trading Up 2.8 %

The business has a 50-day moving average of $1.76 and a 200 day moving average of $1.40.

FalconStor Software (OTCMKTS:FALC) last released its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $3.65 million during the quarter. FalconStor Software had a negative return on equity of 5.62% and a net margin of 8.43%.

About FalconStor Software

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.