Qualstar Corp major shareholder Bkf Capital Group Inc Purchases 174,442 Shares (QBAK)
Qualstar Corp (NASDAQ:QBAK) major shareholder Bkf Capital Group Inc purchased 174,442 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average cost of $1.31 per share, with a total value of $228,519.02. Following the transaction, the insider now directly owns 2,869,120 shares of the company’s stock, valued at approximately $3,758,547. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Qualstar Corp (NASDAQ:QBAK) traded down 0.49% on Tuesday, hitting $1.41. The stock had a trading volume of 39,916 shares. Qualstar Corp has a 52 week low of $0.91 and a 52 week high of $2.05. The stock has a 50-day moving average of $1.25 and a 200-day moving average of $1.26. The company’s market cap is $17.3 million.
Qualstar Corp (NASDAQ:QBAK) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.02) EPS for the quarter. The company had revenue of $3.40 million for the quarter, compared to the consensus estimate of $2.20 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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