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Qualstar Corp (NASDAQ:QBAK) Director Sean Michael Leder purchased 11,147 shares of the company’s stock on the open market in a transaction dated Tuesday, June 17th. The stock was purchased at an average cost of $1.25 per share, for a total transaction of $13,933.75. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Qualstar Corp (NASDAQ:QBAK) traded up 10.83% on Wednesday, hitting $1.33. 16,810 shares of the company’s stock traded hands. Qualstar Corp has a one year low of $0.91 and a one year high of $2.05. The stock’s 50-day moving average is $1.34 and its 200-day moving average is $1.34. The company’s market cap is $16.3 million.

Qualstar Corp (NASDAQ:QBAK) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.04) EPS 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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