Qualstar (NASDAQ:QBAK) issued its earnings results on Thursday. The electronics maker reported ($0.10) EPS for the quarter, reports. Qualstar had a negative return on equity of 0.10% and a negative net margin of 0.05%. The firm had revenue of $3.44 million during the quarter.
Shares of QBAK stock traded down $0.06 during mid-day trading on Friday, reaching $2.31. 12,659 shares of the company’s stock traded hands, compared to its average volume of 10,065. Qualstar has a 12 month low of $2.24 and a 12 month high of $6.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.39 and a current ratio of 3.34. The company’s 50-day moving average price is $4.80 and its 200-day moving average price is $5.43.
Separately, ValuEngine raised shares of Qualstar from a “hold” rating to a “buy” rating in a research report on Friday.
Qualstar Corporation engages in power solutions and data storage systems businesses worldwide. 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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