Qualstar (QBAK) opened at $9.55 on Monday. The firm has a market capitalization of $19.50, a P/E ratio of -45.47 and a beta of 0.49. Qualstar has a 12-month low of $3.89 and a 12-month high of $13.50.
In other Qualstar news, Director Leonard Hagan acquired 5,600 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was acquired at an average cost of $7.61 per share, for a total transaction of $42,616.00. Following the completion of the transaction, the director now directly owns 10,600 shares of the company’s stock, valued at $80,666. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder William J. Gervais sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $8.65, for a total value of $103,800.00. Following the completion of the sale, the insider now owns 142,558 shares of the company’s stock, valued at $1,233,126.70. The disclosure for this sale can be found here. Insiders bought 15,600 shares of company stock valued at $119,666 over the last 90 days. Company insiders own 28.20% of the company’s stock.
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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