Qualstar (NASDAQ:QBAK) Posts Quarterly Earnings Results

Qualstar (NASDAQ:QBAK) announced its earnings results on Tuesday. The electronics maker reported ($0.01) EPS for the quarter, Bloomberg Earnings reports. Qualstar had a net margin of 4.47% and a return on equity of 7.57%. The business had revenue of $3.44 million for the quarter.

Shares of Qualstar stock traded up $0.10 on Friday, hitting $4.50. 1,085 shares of the company’s stock traded hands, compared to its average volume of 6,175. Qualstar has a one year low of $4.39 and a one year high of $8.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.63 and a quick ratio of 2.57. The company has a fifty day moving average of $5.43 and a two-hundred day moving average of $5.70. The company has a market capitalization of $9.09 million, a price-to-earnings ratio of 17.22 and a beta of 0.36.

In other Qualstar news, CEO Steven N. Bronson bought 9,451 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average price of $5.92 per share, for a total transaction of $55,949.92. Following the transaction, the chief executive officer now directly owns 14,617 shares in the company, valued at $86,532.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Steven N. Bronson bought 17,903 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average price of $5.62 per share, for a total transaction of $100,614.86. Following the transaction, the chief executive officer now owns 14,617 shares in the company, valued at $82,147.54. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 35,615 shares of company stock worth $205,069. 36.00% of the stock is owned by corporate insiders.



Qualstar Company Profile

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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