Somewhat Favorable News Coverage Somewhat Unlikely to Affect Qualstar (QBAK) Stock Price
News stories about Qualstar (NASDAQ:QBAK) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Qualstar earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the electronics maker an impact score of 45.398937315652 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Qualstar (NASDAQ:QBAK) traded down $0.05 during trading on Friday, reaching $8.14. The company’s stock had a trading volume of 12,382 shares, compared to its average volume of 46,701. The stock has a market capitalization of $16.62, a price-to-earnings ratio of -38.76 and a beta of 0.42. Qualstar has a fifty-two week low of $2.85 and a fifty-two week high of $13.20.
Qualstar (NASDAQ:QBAK) last announced its quarterly earnings data on Wednesday, November 8th. The electronics maker reported ($0.07) 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%.
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.
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