Wedbush Securities Inc. increased its stake in shares of Qualstar Co. (NASDAQ:QBAK) by 22.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,466 shares of the electronics maker’s stock after acquiring an additional 11,269 shares during the quarter. Wedbush Securities Inc. owned about 3.06% of Qualstar worth $525,000 at the end of the most recent quarter.
Shares of Qualstar Co. (NASDAQ QBAK) opened at $11.47 on Friday. Qualstar Co. has a one year low of $3.89 and a one year high of $13.50. The company has a market cap of $19.13, a price-to-earnings ratio of -51.62 and a beta of 0.49.
Qualstar (NASDAQ:QBAK) last announced its quarterly earnings results on Thursday, March 15th. The electronics maker reported $0.33 EPS for the quarter. Qualstar had a negative net margin of 4.52% and a negative return on equity of 8.81%. The firm had revenue of $3.18 million for the quarter.
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Qualstar Corporation is a provider of data storage systems marketed under the Qualstar brand and of power solutions marketed under the N2Power brand. The Company’s segments include Power Supplies and Data Storage. Under the Power Supplies segment, it designs, manufactures and sells open frame switching power supplies.
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