Qualstar (OTCMKTS:QBAKD) Trading Up 25.8% – Here’s What Happened

Qualstar Corporation (OTCMKTS:QBAKD)’s share price was up 25.8% during mid-day trading on Monday . The stock traded as high as $2.75 and last traded at $2.7050. 12,730 shares were traded during mid-day trading, an increase of 335% from the average session volume of 2,925 shares. The stock had previously closed at $2.15.

Qualstar Price Performance

The firm’s 50 day moving average is $3.01 and its 200 day moving average is $4.38. The company has a market capitalization of $5.10 million, a PE ratio of 90.17 and a beta of 0.18.

Qualstar Company Profile

Qualstar Corporation is a designer and manufacturer of automated magnetic tape library and data storage products. The company’s offerings include modular tape library modules, standalone autoloaders, and multi-frame library systems that integrate with a variety of tape media standards such as LTO, DLT and SDLT. Qualstar’s solutions leverage robotic tape handling to deliver high-capacity, reliable and cost-effective backup and archival storage for data centers.

These tape library systems are engineered for scalability, allowing organizations to expand storage capacity incrementally as data retention needs grow.