Qualstar Corporation (QBAK) Earning Somewhat Positive News Coverage, Report Shows
Press coverage about Qualstar Corporation (NASDAQ:QBAK) has trended somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Qualstar Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the electronics maker an impact score of 46.9940337981552 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Qualstar Corporation (QBAK) traded up 1.0773% during midday trading on Wednesday, hitting $7.8436. The stock had a trading volume of 4,856 shares. Qualstar Corporation has a 52 week low of $2.62 and a 52 week high of $13.20. The firm’s market cap is $16.02 million. The company’s 50 day moving average is $7.16 and its 200 day moving average is $6.01.
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In other news, major shareholder William J. Gervais sold 25,000 shares of Qualstar Corporation stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $9.26, for a total transaction of $231,500.00. Following the completion of the sale, the insider now owns 250,558 shares of the company’s stock, valued at $2,320,167.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder William J. Gervais sold 18,952 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $6.28, for a total transaction of $119,018.56. Following the completion of the transaction, the insider now directly owns 319,510 shares of the company’s stock, valued at approximately $2,006,522.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,952 shares of company stock worth $752,769. Insiders own 28.20% of the company’s stock.
Qualstar Corporation Company Profile
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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