Qualstar Co. (NASDAQ:QBAK) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $4.97. Qualstar shares last traded at $4.55, with a volume of 1,300 shares.
The company has a market cap of $9.09 million, a price-to-earnings ratio of 17.22 and a beta of 0.36. The firm has a 50-day moving average price of $5.40 and a 200 day moving average price of $5.69. The company has a current ratio of 3.63, a quick ratio of 2.57 and a debt-to-equity ratio of 0.02.
Qualstar (NASDAQ:QBAK) last issued its earnings results on Tuesday, August 13th. The electronics maker reported ($0.01) EPS for the quarter. The firm had revenue of $3.44 million during the quarter. Qualstar had a return on equity of 7.57% and a net margin of 4.47%.
In related news, CEO Steven N. Bronson acquired 9,451 shares of Qualstar stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average price of $5.92 per share, for a total transaction of $55,949.92. Following the transaction, the chief executive officer now directly owns 14,617 shares of the company’s stock, valued at approximately $86,532.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Steven N. Bronson acquired 17,903 shares of Qualstar stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average price of $5.62 per share, with a total value of $100,614.86. Following the transaction, the chief executive officer now directly owns 14,617 shares in the company, valued at $82,147.54. The disclosure for this purchase can be found here. In the last quarter, insiders bought 35,615 shares of company stock valued at $205,069. Insiders own 36.00% of the company’s stock.
An institutional investor recently raised its position in Qualstar stock. Wedbush Securities Inc. boosted its stake in shares of Qualstar Co. (NASDAQ:QBAK) by 10.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,155 shares of the electronics maker’s stock after purchasing an additional 6,154 shares during the quarter. Wedbush Securities Inc. owned approximately 3.26% of Qualstar worth $357,000 at the end of the most recent reporting period. 16.25% of the stock is owned by institutional investors and hedge funds.
Qualstar Company Profile (NASDAQ:QBAK)
Qualstar Corporation engages in power solutions and data storage systems businesses worldwide. It provides data storage systems under the Qualstar brand and power solutions under the N2Power brand. The company designs, manufactures, and sells switching power supplies that are used to convert AC line voltage to DC voltages, or DC voltages to other DC voltages for use in various electronic equipment, such as telecommunications equipment, machine tools, routers, switches, wireless systems and gaming devices.
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