Qualstar (OTCMKTS:QBAK) Posts Earnings Results

Qualstar (OTCMKTS:QBAK) issued its quarterly earnings data on Monday. The company reported ($0.39) EPS for the quarter, Zacks reports. The company had revenue of $1.49 million during the quarter.

Qualstar Price Performance

Shares of Qualstar stock traded down $3.44 during trading hours on Tuesday, hitting $14.61. The company’s stock had a trading volume of 158 shares, compared to its average volume of 1,061. Qualstar has a 12 month low of $5.50 and a 12 month high of $20.75. The stock has a 50 day moving average of $18.81 and a 200 day moving average of $17.49. The company has a market capitalization of $20.16 million, a PE ratio of 35.63 and a beta of -0.26.

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.