Qualstar Corporation (OTCMKTS:QBAKD – Get Free Report)’s stock price rose 3.5% during mid-day trading on Friday. The company traded as high as $6.52 and last traded at $6.52. Approximately 2,410 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 2,925 shares. The stock had previously closed at $6.30.
Qualstar Price Performance
The firm’s 50-day moving average price is $4.27 and its 200 day moving average price is $4.45. The firm has a market cap of $11.85 million, a P/E ratio of 209.67 and a beta of 0.18.
Qualstar Company Profile
Qualstar Corporation is a technology company that develops and supplies data-storage and power-conversion products. Its offerings have included automated tape libraries and related storage systems designed to help organizations back up, archive and manage large volumes of data.
The company has also produced power supplies and power-conversion equipment for applications such as telecommunications, industrial systems, medical equipment and other electronic devices. Qualstar has marketed its products to businesses and original equipment manufacturers through direct and distribution channels.
Founded in 1984, Qualstar has been based in Simi Valley, California.
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