Qualstar (QBAK) Reaches New 52-Week Low at $5.12

Qualstar Co. (NASDAQ:QBAK) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $5.12 and last traded at $5.12, with a volume of 93753 shares. The stock had previously closed at $6.09.

The stock has a market capitalization of $12.47 million, a PE ratio of 7.91 and a beta of 0.61.

Qualstar (NASDAQ:QBAK) last released its earnings results on Wednesday, August 8th. The electronics maker reported $0.23 earnings per share (EPS) for the quarter. Qualstar had a net margin of 13.11% and a return on equity of 25.78%. The business had revenue of $3.23 million for the quarter.

A hedge fund recently raised its stake in Qualstar stock. Renaissance Technologies LLC increased its stake in Qualstar Co. (NASDAQ:QBAK) by 6.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 163,001 shares of the electronics maker’s stock after acquiring an additional 9,599 shares during the period. Renaissance Technologies LLC owned approximately 7.95% of Qualstar worth $1,263,000 as of its most recent SEC filing. Institutional investors own 17.33% of the company’s stock.

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About Qualstar (NASDAQ:QBAK)

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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