Qualstar Co. (NASDAQ:QBAK) major shareholder William J. Gervais sold 12,000 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $8.65, for a total transaction of $103,800.00. Following the completion of the sale, the insider now directly owns 142,558 shares in the company, valued at approximately $1,233,126.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Qualstar Co. (QBAK) opened at $9.21 on Tuesday. Qualstar Co. has a one year low of $3.20 and a one year high of $13.20. The firm has a market cap of $17.94, a price-to-earnings ratio of -43.86 and a beta of 0.42.
Qualstar (NASDAQ:QBAK) last issued its quarterly earnings data on Wednesday, November 8th. The electronics maker reported ($0.07) earnings per share for the quarter. Qualstar had a negative return on equity of 8.81% and a negative net margin of 4.52%. The business had revenue of $2.76 million during the quarter.
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Qualstar Corporation is a provider of data storage systems marketed under the Qualstar brand and of power solutions marketed under the N2Power brand. The Company’s segments include Power Supplies and Data Storage. Under the Power Supplies segment, it designs, manufactures and sells open frame switching power supplies.
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