Qualstar (QBAK) Receiving Somewhat Favorable Press Coverage, Report Shows

Media stories about Qualstar (NASDAQ:QBAK) have been trending somewhat positive on Tuesday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Qualstar earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the electronics maker an impact score of 45.3353305846005 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

NASDAQ:QBAK traded down $0.27 during mid-day trading on Tuesday, hitting $10.41. 22,754 shares of the stock were exchanged, compared to its average volume of 51,434. The stock has a market cap of $22.30, a P/E ratio of 34.06 and a beta of 0.33. Qualstar has a fifty-two week low of $4.77 and a fifty-two week high of $13.50.

Qualstar (NASDAQ:QBAK) last released its quarterly earnings results on Thursday, March 15th. The electronics maker reported $0.33 earnings per share for the quarter. The business had revenue of $3.18 million during the quarter. Qualstar had a return on equity of 12.22% and a net margin of 6.01%.

In related news, major shareholder William J. Gervais sold 12,000 shares of Qualstar stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $8.65, for a total transaction of $103,800.00. Following the completion of the sale, the insider now directly owns 142,558 shares of the company’s stock, valued at approximately $1,233,126.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 28.20% of the company’s stock.

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About Qualstar

Qualstar Corporation designs, develops, manufactures, and sells power supplies under the N2Power brand name; and data storage systems under the Qualstar brand in North America, Europe, the Asia Pacific, and internationally. The company offers switching power supplies that are used to convert AC line voltage to DC voltages, or DC voltages to other DC voltages for use in electronic equipment, such as telecommunications equipment, machine tools, routers, switches, wireless systems, and gaming devices.

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