Qualstar (OTCMKTS:QBAK) Issues Quarterly Earnings Results

Qualstar (OTCMKTS:QBAK) posted its earnings results on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, Zacks reports.

Qualstar Price Performance

Shares of QBAK stock traded up $1.88 during trading hours on Wednesday, reaching $16.00. The stock had a trading volume of 750 shares, compared to its average volume of 2,660. The firm has a market capitalization of $22.10 million, a PE ratio of 66.67 and a beta of -0.20. The firm has a 50-day simple moving average of $14.69 and a 200-day simple moving average of $9.97. Qualstar has a twelve month low of $3.25 and a twelve month high of $17.20.

About Qualstar

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.