FalconStor Software Inc. (FALC) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the technology sector during morning trading on September 22. At the lunch break, shares of FALC have risen 4.17% to $1.0 after closing the day prior at $0.96. In the first two and a half hours of trading, the stock has gone as high as $1.0 and as low as $0.96. Today’s rise has come with about 33,624 shares changing hands, compared to an average 30-day volume of 71,308 for FalconStor Software Inc.. The price is currently below the 30-day volume weighted average price of $1.0 for FALC.
The share appreciation gives the company a market capitalization of $41.63 million based upon 43.37 million shares outstanding. It also means that FALC has a price-to-book ratio of 22.49:1.
In the past 52 weeks, shares of FALC have traded as low as $0.8301 and as high as $2.13. Technical traders will take note that at $1.0, shares of FALC are trading below their 200-day MA at $1.36 and below their 50-day MA at $1.04. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is FALC?
FalconStor Software Inc develops, manufactures and sells data migration, business continuity, disaster recovery, optimized backup and de-duplication solutions and provides the related maintenance, implementation and engineering services. The company’s 211 employees are led by CEO Gary Quinn from the corporate headquarters at 2 Huntington Quadrangle in Melville, NY.
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