Home / Market Movers / FalconStor Software Inc. (FALC) Loses 6.88% Shortly After Opening Bell on April 21

FalconStor Software Inc. (FALC) Loses 6.88% Shortly After Opening Bell on April 21

FalconStor Software Inc. (FALC) started the trading day on a down note, making it one of the worst performing stocks in the technology sector of NYSE and NASDAQ listed companies shortly after the opening bell on April 21. Shares of FALC have fallen 6.88% about 30 minutes into the session to $0.31 after closing the day prior at $0.33. It’s early, but the stock has traded as high as $0.31 and as low as $0.3 so far. Today’s quick decline has come with about 7,887 shares changing hands, compared to an average 30-day volume of 171,420 for FalconStor Software Inc.. The price is currently below the 30-day volume weighted average price of $0.31 for FALC.

The share depreciation gives the company a market capitalization of $14.57 million based upon 44.15 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 $0.2619 and as high as $1.4. Technical traders will take note that at $0.31, shares of FALC are trading below their 200-day MA at $0.73 and below their 50-day MA at $0.47. 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 below them is typically regarded as bearish.

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 166 employees are led by CEO Gary Quinn from the corporate headquarters at 2 Huntington Quadrangle in Melville, NY.

For more information on FALC and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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