Qualstar (NASDAQ:QBAK) Issues Quarterly Earnings Results

Qualstar (NASDAQ:QBAK) released its quarterly earnings results on Tuesday. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The firm had revenue of $3.44 million during the quarter. Qualstar had a net margin of 8.53% and a return on equity of 14.37%.

NASDAQ QBAK traded down $0.18 during midday trading on Wednesday, hitting $4.47. The company had a trading volume of 1,438 shares, compared to its average volume of 6,684. The stock has a market cap of $9.49 million, a P/E ratio of 9.51 and a beta of 0.36. The company has a quick ratio of 2.57, a current ratio of 3.63 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average of $5.49. Qualstar has a twelve month low of $4.51 and a twelve month high of $8.50.

In related news, CEO Steven N. Bronson acquired 9,451 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was purchased at an average cost of $5.92 per share, with a total value of $55,949.92. Following the acquisition, the chief executive officer now directly owns 14,617 shares of the company’s stock, valued at $86,532.64. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Steven N. Bronson acquired 9,082 shares of the company’s stock in a transaction on Friday, May 17th. The stock was bought at an average cost of $5.61 per share, with a total value of $50,950.02. Following the completion of the acquisition, the chief executive officer now directly owns 14,617 shares in the company, valued at $82,001.37. The disclosure for this purchase can be found here. Insiders acquired a total of 44,697 shares of company stock valued at $256,019 over the last ninety days. Insiders own 37.50% of the company’s stock.

About Qualstar

Qualstar Corporation engages in power solutions and data storage systems businesses worldwide. It provides data storage systems under the Qualstar brand and power solutions under the N2Power brand. The company designs, manufactures, and sells switching power supplies that are used to convert AC line voltage to DC voltages, or DC voltages to other DC voltages for use in various electronic equipment, such as telecommunications equipment, machine tools, routers, switches, wireless systems and gaming devices.

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Earnings History for Qualstar (NASDAQ:QBAK)

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