Qualstar Corporation (NASDAQ:QBAK) Major Shareholder William J. Gervais Sells 20,000 Shares

Qualstar Corporation (NASDAQ:QBAK) major shareholder William J. Gervais sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $6.30, for a total transaction of $126,000.00. Following the completion of the transaction, the insider now owns 295,558 shares in the company, valued at approximately $1,862,015.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Qualstar Corporation (NASDAQ:QBAK) traded up 15.64% on Monday, hitting $7.69. 190,550 shares of the stock were exchanged. The company’s market cap is $15.70 million. Qualstar Corporation has a 52-week low of $2.62 and a 52-week high of $10.00. The company has a 50 day moving average of $5.64 and a 200 day moving average of $4.99.

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About Qualstar Corporation

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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