Qualstar (OTCMKTS:QBAK – Get Free Report) released its quarterly earnings results on Monday. The company reported ($0.39) EPS for the quarter, Zacks reports. The firm had revenue of $1.49 million for the quarter.
Qualstar Trading Down 1.7%
Shares of OTCMKTS QBAK traded down $0.25 during trading on Wednesday, reaching $14.25. The company had a trading volume of 200 shares, compared to its average volume of 1,021. Qualstar has a twelve month low of $5.50 and a twelve month high of $20.75. The stock has a market capitalization of $19.67 million, a PE ratio of 475.00 and a beta of -0.26. The stock has a 50-day moving average price of $18.70 and a two-hundred day moving average price of $17.51.
About Qualstar
Qualstar Corporation is a designer and manufacturer of automated magnetic tape library and data storage products. The company’s offerings include modular tape library modules, standalone autoloaders, and multi-frame library systems that integrate with a variety of tape media standards such as LTO, DLT and SDLT. Qualstar’s solutions leverage robotic tape handling to deliver high-capacity, reliable and cost-effective backup and archival storage for data centers.
These tape library systems are engineered for scalability, allowing organizations to expand storage capacity incrementally as data retention needs grow.
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