Qualstar Corporation (OTCMKTS:QBAKD – Get Free Report)’s stock price dropped 1.1% during trading on Tuesday . The stock traded as low as $3.04 and last traded at $3.0652. 1,792 shares changed hands during trading, a decline of 39% from the average daily volume of 2,925 shares. The stock had previously closed at $3.10.
Qualstar Trading Down 1.1%
The firm has a market cap of $5.77 million, a P/E ratio of 102.17 and a beta of 0.18. The company’s 50-day moving average is $3.52 and its two-hundred day moving average is $4.93.
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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