News articles about Qualstar (NASDAQ:QBAK) have trended somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Qualstar earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the electronics maker an impact score of 46.0864328252029 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Qualstar (NASDAQ:QBAK) traded up $0.28 on Wednesday, hitting $7.71. 26,200 shares of the company were exchanged, compared to its average volume of 75,889. Qualstar has a twelve month low of $2.67 and a twelve month high of $13.20.

Qualstar (NASDAQ:QBAK) last issued its quarterly earnings data on Wednesday, November 8th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $2.76 million for the quarter. Qualstar had a negative net margin of 4.52% and a negative return on equity of 8.81%.

In related news, major shareholder William J. Gervais sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $7.25, for a total transaction of $72,500.00. Following the completion of the transaction, the insider now owns 180,558 shares in the company, valued at $1,309,045.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William J. Gervais sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $7.65, for a total transaction of $229,500.00. Following the transaction, the insider now owns 170,558 shares of the company’s stock, valued at approximately $1,304,768.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,000 shares of company stock valued at $408,500. Corporate insiders own 28.20% of the company’s stock.

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Qualstar Company Profile

Qualstar Corporation is a provider of data storage systems marketed under the Qualstar brand and of power solutions marketed under the N2Power brand. The Company’s segments include Power Supplies and Data Storage. Under the Power Supplies segment, it designs, manufactures and sells open frame switching power supplies.

Insider Buying and Selling by Quarter for Qualstar (NASDAQ:QBAK)

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