Somewhat Positive News Coverage Somewhat Unlikely to Affect Qualstar Corporation (QBAK) Share Price
Media headlines about Qualstar Corporation (NASDAQ:QBAK) have been trending somewhat positive on Saturday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Qualstar Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the electronics maker an impact score of 46.0753073351425 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Qualstar Corporation (QBAK) traded up 2.57% on Friday, reaching $7.19. The company had a trading volume of 13,033 shares. Qualstar Corporation has a 52-week low of $2.62 and a 52-week high of $13.20. The stock’s market capitalization is $14.68 million. The stock has a 50 day moving average price of $7.68 and a 200 day moving average price of $6.27.
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In other Qualstar Corporation news, major shareholder William J. Gervais sold 25,000 shares of Qualstar Corporation stock in a transaction on Monday, July 24th. The shares were sold at an average price of $9.26, for a total value of $231,500.00. Following the transaction, the insider now owns 250,558 shares in the company, valued at approximately $2,320,167.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder William J. Gervais sold 20,000 shares of Qualstar Corporation stock in a transaction on Friday, July 14th. The shares were sold at an average price of $6.30, for a total transaction of $126,000.00. Following the completion of the transaction, the insider now owns 295,558 shares in the company, valued at approximately $1,862,015.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,000 shares of company stock worth $603,500. 28.20% of the stock is owned by company insiders.
Qualstar Corporation 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.
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