Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Qualstar Corporation (QBAK) Share Price
Headlines about Qualstar Corporation (NASDAQ:QBAK) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Qualstar Corporation earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the electronics maker an impact score of 46.7295109879237 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Qualstar Corporation (NASDAQ:QBAK) remained flat at $6.75 on Thursday. 2,940 shares of the company’s stock traded hands. The firm’s market capitalization is $13.78 million. Qualstar Corporation has a one year low of $2.62 and a one year high of $13.20. The company’s 50 day moving average is $7.46 and its 200 day moving average is $6.44.
In other Qualstar Corporation news, major shareholder William J. Gervais sold 20,000 shares of the stock in a transaction on Friday, July 14th. The shares were sold at an average price of $6.30, for a total value of $126,000.00. Following the completion of the sale, the insider now owns 295,558 shares in the company, valued at $1,862,015.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder William J. Gervais sold 10,000 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $7.05, for a total transaction of $70,500.00. Following the completion of the sale, the insider now owns 220,558 shares of the company’s stock, valued at approximately $1,554,933.90. The disclosure for this sale can be found here. Insiders have sold 105,000 shares of company stock valued at $820,000 in the last 90 days. 28.20% of the stock is currently owned by corporate insiders.
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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