Qualstar (OTCMKTS:QBAK) Announces Earnings Results

Qualstar (OTCMKTS:QBAK) released its quarterly earnings data on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $2.02 million during the quarter.

Qualstar Stock Up 13.3%

Shares of QBAK stock traded up $1.88 during trading on Thursday, reaching $16.00. 1,517 shares of the company’s stock were exchanged, compared to its average volume of 2,678. The firm’s fifty day moving average price is $14.82 and its 200-day moving average price is $10.01. Qualstar has a twelve month low of $3.25 and a twelve month high of $17.20. The stock has a market capitalization of $22.10 million, a PE ratio of 66.67 and a beta of -0.20.

Qualstar Company Profile

Qualstar Corporation engages in power solutions and data storage systems businesses worldwide. The company operates through two segments, Power Solutions and Data Storage Systems. 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.