Steven N. Bronson Buys 6,996 Shares of Qualstar Co. (NASDAQ:QBAK) Stock

Qualstar Co. (NASDAQ:QBAK) CEO Steven N. Bronson bought 6,996 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was purchased at an average price of $4.61 per share, for a total transaction of $32,251.56. Following the completion of the acquisition, the chief executive officer now owns 14,617 shares in the company, valued at $67,384.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ:QBAK opened at $6.16 on Friday. The stock has a market cap of $10.92 million, a PE ratio of 21.02 and a beta of 0.40. Qualstar Co. has a 1-year low of $4.39 and a 1-year high of $8.15. The company has a current ratio of 3.26, a quick ratio of 2.33 and a debt-to-equity ratio of 0.08. The stock’s fifty day simple moving average is $5.04 and its two-hundred day simple moving average is $5.55.

Qualstar (NASDAQ:QBAK) last released its earnings results on Tuesday, August 13th. The electronics maker reported ($0.01) EPS for the quarter. Qualstar had a return on equity of 7.66% and a net margin of 4.47%. The business had revenue of $3.44 million for the quarter.

Qualstar Company Profile

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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