Qualstar Co. (NASDAQ:QBAK) CEO Steven N. Bronson acquired 9,082 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were acquired at an average cost of $5.61 per share, with a total value of $50,950.02. Following the purchase, the chief executive officer now owns 14,617 shares in the company, valued at approximately $82,001.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NASDAQ QBAK traded up $0.01 during trading hours on Thursday, hitting $5.76. 3,811 shares of the company’s stock traded hands, compared to its average volume of 7,053. Qualstar Co. has a 52-week low of $4.51 and a 52-week high of $9.51. The stock has a market cap of $11.26 million, a PE ratio of 11.27 and a beta of 0.45. The company has a current ratio of 3.63, a quick ratio of 2.57 and a debt-to-equity ratio of 0.02.
Qualstar (NASDAQ:QBAK) last announced its quarterly earnings data on Thursday, March 7th. The electronics maker reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $2.91 million during the quarter. Qualstar had a net margin of 8.53% and a return on equity of 14.37%.
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Qualstar Company Profile
Qualstar Corporation engages in power solutions and data storage systems businesses worldwide. 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.
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