Qualstar Co. (NASDAQ:QBAK) CEO Buys $33,659.51 in Stock
Qualstar Co. (NASDAQ:QBAK) CEO Steven N. Bronson purchased 6,043 shares of Qualstar stock in a transaction dated Monday, September 9th. The stock was bought at an average cost of $5.57 per share, with a total value of $33,659.51. Following the completion of the purchase, the chief executive officer now owns 14,617 shares in the company, valued at approximately $81,416.69. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Qualstar stock traded down $0.01 on Monday, hitting $5.59. The company had a trading volume of 9,900 shares, compared to its average volume of 7,119. Qualstar Co. has a 52 week low of $4.39 and a 52 week high of $8.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.26 and a quick ratio of 2.33. The company has a market cap of $9.66 million, a PE ratio of 20.48 and a beta of 0.40. The business has a 50-day simple moving average of $5.02 and a 200-day simple moving average of $5.56.
Qualstar (NASDAQ:QBAK) last announced its earnings results on Tuesday, August 13th. The electronics maker reported ($0.01) EPS for the quarter. The firm had revenue of $3.44 million for the quarter. Qualstar had a return on equity of 7.66% and a net margin of 4.47%.
Qualstar Corporation engages in power solutions and data storage systems businesses worldwide. 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.
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