Shares of QBAK traded down $0.04 during mid-day trading on Tuesday, reaching $5.62. 6 shares of the company were exchanged, compared to its average volume of 4,264. The business has a 50 day simple moving average of $5.60 and a two-hundred day simple moving average of $5.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.39 and a current ratio of 3.34. The stock has a market capitalization of $10.97 million, a PE ratio of 57.50 and a beta of 0.41. Qualstar has a 52 week low of $4.39 and a 52 week high of $6.95.
Qualstar (NASDAQ:QBAK) last released its earnings results on Thursday, November 7th. The electronics maker reported $0.03 earnings per share for the quarter. The business had revenue of $3.70 million during the quarter. Qualstar had a net margin of 1.52% and a return on equity of 2.77%.
In other Qualstar news, CEO Steven N. Bronson acquired 5,000 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were bought at an average cost of $6.39 per share, with a total value of $31,950.00. Following the purchase, the chief executive officer now directly owns 14,617 shares of the company’s stock, valued at $93,402.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven N. Bronson bought 12,757 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average price of $6.13 per share, for a total transaction of $78,200.41. Following the transaction, the chief executive officer now owns 14,617 shares in the company, valued at $89,602.21. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 21,042 shares of company stock worth $130,747. Insiders own 36.00% of the company’s stock.
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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