FalconStor Software (OTCMKTS:FALC) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

FalconStor Software, Inc. (OTCMKTS:FALC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.58 and traded as high as $1.75. FalconStor Software shares last traded at $1.65, with a volume of 1,140 shares traded.

FalconStor Software Trading Up 21.2 %

The stock has a market cap of $14.29 million, a P/E ratio of -50.00 and a beta of 2.16. The business’s fifty day simple moving average is $1.53 and its 200 day simple moving average is $1.58.

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

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.