FalconStor Software (OTCMKTS:FALC) Trading Up 30.7% – Here’s Why

FalconStor Software, Inc. (OTCMKTS:FALC) shares were up 30.7% during mid-day trading on Wednesday . The company traded as high as $1.84 and last traded at $1.79. Approximately 7,935 shares changed hands during trading, an increase of 240% from the average daily volume of 2,337 shares. The stock had previously closed at $1.37.

FalconStor Software Stock Performance

The business’s 50 day moving average price is $1.49 and its 200 day moving average price is $1.59. The firm has a market cap of $12.14 million, a price-to-earnings ratio of -42.50 and a beta of 2.16.

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

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.