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Qualstar Corp (NASDAQ:QBAK) major shareholder Bkf Capital Group Inc bought 3,700 shares of Qualstar Corp stock in a transaction dated Friday, May 30th. The stock was purchased at an average price of $1.20 per share, with a total value of $4,440.00. Following the completion of the acquisition, the insider now directly owns 2,872,820 shares in the company, valued at approximately $3,447,384. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Qualstar Corp (NASDAQ:QBAK) remained flat at $1.3399 during during mid-day trading trading on Wednesday. Qualstar Corp has a 52 week low of $0.91 and a 52 week high of $2.05. The stock’s 50-day moving average is $1.41 and its 200-day moving average is $1.33. The company’s market cap is $16.4 million.

Qualstar Corp (NASDAQ:QBAK) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $2.60 million for the quarter, compared to the consensus estimate of $3.00 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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