FalconStor Software (OTCMKTS:FALC) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

FalconStor Software, Inc. (OTCMKTS:FALCGet Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.61 and traded as high as $1.70. FalconStor Software shares last traded at $1.70, with a volume of 330 shares changing hands.

FalconStor Software Price Performance

The firm has a market cap of $12.16 million, a PE ratio of -6.07 and a beta of 0.54. The business has a fifty day moving average price of $1.46 and a two-hundred day moving average price of $1.61.

FalconStor Software Company Profile

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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.

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