Leonard Hagan Purchases 5,600 Shares of Qualstar Co. (QBAK) Stock

Qualstar Co. (NASDAQ:QBAK) Director Leonard Hagan bought 5,600 shares of Qualstar stock in a transaction dated Tuesday, December 19th. The stock was purchased at an average price of $7.61 per share, with a total value of $42,616.00. Following the completion of the purchase, the director now owns 10,600 shares in the company, valued at $80,666. The purchase was disclosed in a filing with the SEC, which is available at this link.

Shares of Qualstar Co. (NASDAQ QBAK) traded down $0.39 on Friday, hitting $7.90. The stock had a trading volume of 23,933 shares, compared to its average volume of 38,797. The firm has a market cap of $16.93, a P/E ratio of -37.62 and a beta of 0.42. Qualstar Co. has a 12 month low of $2.67 and a 12 month high of $13.20.

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

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Qualstar 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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