Qualstar Co. (OTCMKTS:QBAK – Get Free Report)’s stock price dropped 10.4% on Friday . The stock traded as low as $3.75 and last traded at $3.75. Approximately 176 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 3,062 shares. The stock had previously closed at $4.19.
Qualstar Trading Down 10.4 %
The stock’s fifty day moving average is $5.36 and its two-hundred day moving average is $6.10.
Qualstar (OTCMKTS:QBAK – Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.23) earnings per share for the quarter. The business had revenue of $2.37 million during the quarter.
Qualstar Company Profile
Qualstar Corporation engages in power solutions and data storage systems businesses worldwide. The company operates through two segments, Power Solutions and Data Storage Systems. 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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