Qualstar (QBAK) Issues Earnings Results

Qualstar (NASDAQ:QBAK) issued its earnings results on Thursday, March 15th. The electronics maker reported $0.33 EPS for the quarter, Bloomberg Earnings reports. The business had revenue of $3.18 million for the quarter. Qualstar had a net margin of 6.01% and a return on equity of 12.22%.

QBAK traded down $0.38 during trading on Friday, hitting $10.80. The stock had a trading volume of 16,661 shares, compared to its average volume of 49,365. The company has a market cap of $22.87, a price-to-earnings ratio of 34.94 and a beta of 0.34. Qualstar has a twelve month low of $3.89 and a twelve month high of $13.50.

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In related news, major shareholder William J. Gervais sold 12,000 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $8.65, for a total transaction of $103,800.00. Following the completion of the transaction, the insider now owns 142,558 shares of the company’s stock, valued at $1,233,126.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 28.20% of the company’s stock.

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About Qualstar

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.

Earnings History for Qualstar (NASDAQ:QBAK)

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