Qualstar (OTCMKTS:QBAK) Announces Quarterly Earnings Results

Qualstar (OTCMKTS:QBAK) issued its quarterly earnings data on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $2.03 million for the quarter.

Qualstar Stock Performance

OTCMKTS QBAK opened at $5.85 on Friday. Qualstar has a 1-year low of $3.25 and a 1-year high of $7.51. The company has a 50 day moving average of $5.25 and a 200-day moving average of $4.38. The company has a market cap of $8.28 million, a price-to-earnings ratio of -53.18 and a beta of 0.07.

About Qualstar

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.