Qualstar (OTCMKTS:QBAK) Shares Down 3.6% – Here’s What Happened

Qualstar Co. (OTCMKTS:QBAK) shares were down 3.6% during mid-day trading on Thursday . The stock traded as low as $4.00 and last traded at $4.00. Approximately 600 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 2,857 shares. The stock had previously closed at $4.15.

Qualstar Stock Down 3.6 %

The company has a 50 day simple moving average of $4.04 and a 200-day simple moving average of $5.36. The stock has a market capitalization of $5.79 million, a price-to-earnings ratio of 400.00 and a beta of 0.06.

Qualstar (OTCMKTS:QBAK) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.23) EPS for the quarter. The business had revenue of $2.37 million for the quarter.

Qualstar Company Profile

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.