Shares of Qualstar Corporation (OTCMKTS:QBAKD – Get Free Report) traded up 3.5% during trading on Friday. The stock traded as high as $6.52 and last traded at $6.52. 2,410 shares were traded during trading, a decline of 18% from the average session volume of 2,925 shares. The stock had previously closed at $6.30.
Qualstar Trading Up 3.5%
The business’s 50 day simple moving average is $4.27 and its 200 day simple moving average is $4.45. The firm has a market capitalization of $12.28 million, a PE ratio of 217.33 and a beta of 0.18.
About Qualstar
Qualstar Corporation is a technology company that develops and supplies data-storage and power-conversion products. Its offerings have included automated tape libraries and related storage systems designed to help organizations back up, archive and manage large volumes of data.
The company has also produced power supplies and power-conversion equipment for applications such as telecommunications, industrial systems, medical equipment and other electronic devices. Qualstar has marketed its products to businesses and original equipment manufacturers through direct and distribution channels.
Founded in 1984, Qualstar has been based in Simi Valley, California.
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