Qualstar Corporation (OTCMKTS:QBAKD – Get Free Report) was down 1.4% on Tuesday . The stock traded as low as $3.10 and last traded at $3.40. Approximately 300 shares traded hands during trading, a decline of 90% from the average session volume of 2,925 shares. The stock had previously closed at $3.45.
Qualstar Stock Performance
The company has a 50 day moving average price of $3.91 and a 200 day moving average price of $5.33. The company has a market capitalization of $6.41 million, a price-to-earnings ratio of 113.33 and a beta of 0.18.
Qualstar (OTCMKTS:QBAKD – Get Free Report) last posted its quarterly earnings results on Monday, March 30th. The company reported ($0.13) earnings per share for the quarter. The company had revenue of $1.49 million during the quarter.
Qualstar Company Profile
Qualstar Corporation is a designer and manufacturer of automated magnetic tape library and data storage products. The company’s offerings include modular tape library modules, standalone autoloaders, and multi-frame library systems that integrate with a variety of tape media standards such as LTO, DLT and SDLT. Qualstar’s solutions leverage robotic tape handling to deliver high-capacity, reliable and cost-effective backup and archival storage for data centers.
These tape library systems are engineered for scalability, allowing organizations to expand storage capacity incrementally as data retention needs grow.
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