The COB, CEO and President of Qualstar Corp (NASDAQ: QBAK) is Buying Shares

By Carrie Williams

Yesterday, the COB, CEO and President of Qualstar Corp (QBAKResearch Report), Steven Bronson, bought shares of QBAK for $9,684.

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Based on Qualstar Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $3.44 million and GAAP net loss of $11K. In comparison, last year the company earned revenue of $3.23 million and had a net profit of $474K. The company has a one-year high of $8.30 and a one-year low of $4.39. QBAK’s market cap is $8.95M and the company has a P/E ratio of 17.20.

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Qualstar Corp. engages in the manufacture and trade of storage and power supply solutions. It operates through the Power Supplies and Data Storage segments. The Power Supplies segment designs, produces, and distributes power supplies used to convert alternating current line voltage to direct current voltages of electronic equipment.