FalconStor Software (OTCMKTS:FALC) Shares Up 30.7% – What’s Next?

FalconStor Software, Inc. (OTCMKTS:FALC)’s stock price was up 30.7% during mid-day trading on Wednesday . The stock 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 stock has a 50-day simple moving average of $1.47 and a 200 day simple moving average of $1.59. The stock has a market capitalization of $12.78 million, a P/E ratio of -44.75 and a beta of 2.16.

FalconStor Software (OTCMKTS:FALC) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $0.03 earnings per share (EPS) 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.