Qualstar Corp Major Shareholder Purchases $50,977 in Stock (QBAK)
Qualstar Corp (NASDAQ:QBAK) major shareholder Bkf Capital Group Inc bought 42,130 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was purchased at an average price of $1.21 per share, with a total value of $50,977.30. Following the completion of the purchase, the insider now directly owns 2,694,578 shares in the company, valued at approximately $3,260,439. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Qualstar Corp (NASDAQ:QBAK) traded up 7.44% during mid-day trading on Tuesday, hitting $1.30. The stock had a trading volume of 26,665 shares. Qualstar Corp has a 1-year low of $0.91 and a 1-year high of $2.03. The stock has a 50-day moving average of $1.07 and a 200-day moving average of $1.32. The company’s market cap is $15.9 million.
Qualstar Corp (NASDAQ:QBAK) last released its earnings data on Thursday, November 14th. The company reported ($0.21) earnings per share for the quarter. The company had revenue of $2.20 million for the quarter, compared to the consensus estimate of $3.40 million.
Qualstar Corporation (NASDAQ:QBAK) designs, develops, manufactures and sells automated magnetic tape libraries used to store, retrieve and manage electronic data primarily in network computing environments.
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