Qualstar (OTCMKTS:QBAK) Posts Quarterly Earnings Results

Qualstar (OTCMKTS:QBAK) issued its earnings results on Wednesday. The company reported $0.15 EPS for the quarter, Zacks reports.

Qualstar Price Performance

Shares of OTCMKTS QBAK traded up $1.71 during mid-day trading on Wednesday, reaching $15.83. 1,205 shares of the company’s stock traded hands, compared to its average volume of 2,666. The business has a 50-day simple moving average of $14.69 and a 200 day simple moving average of $9.97. The stock has a market cap of $21.86 million, a P/E ratio of 65.96 and a beta of -0.20. Qualstar has a 1-year low of $3.25 and a 1-year high of $17.20.

Qualstar Company Profile

Qualstar Corporation engages in power solutions and data storage systems businesses worldwide. The company operates through two segments, Power Solutions and Data Storage Systems. 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.