Qualstar (NASDAQ:QBAK) Receives Daily News Sentiment Rating of 0.12

Media coverage about Qualstar (NASDAQ:QBAK) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Qualstar earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news stories about the electronics maker an impact score of 45.6313458743371 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Shares of Qualstar (NASDAQ:QBAK) traded down $0.24 on Tuesday, reaching $7.90. 44,718 shares of the company were exchanged, compared to its average volume of 31,472. Qualstar has a twelve month low of $2.85 and a twelve month high of $13.20. The firm has a market cap of $16.62, a price-to-earnings ratio of -37.62 and a beta of 0.42.

Qualstar (NASDAQ:QBAK) last posted its quarterly earnings results on Wednesday, November 8th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $2.76 million for the quarter. Qualstar had a negative return on equity of 8.81% and a negative net margin of 4.52%.

In related news, Director Leonard Hagan purchased 5,600 shares of Qualstar stock in a transaction on Tuesday, December 19th. The stock was acquired at an average cost of $7.61 per share, for a total transaction of $42,616.00. Following the completion of the acquisition, the director now owns 10,600 shares of the company’s stock, valued at approximately $80,666. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Steven N. Bronson acquired 5,000 shares of Qualstar stock in a transaction dated Wednesday, December 20th. The shares were acquired at an average price of $7.91 per share, with a total value of $39,550.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 15,600 shares of company stock valued at $119,666 and have sold 55,000 shares valued at $408,500. 28.20% of the stock is currently owned by company insiders.

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About Qualstar

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.

Insider Buying and Selling by Quarter for Qualstar (NASDAQ:QBAK)

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