Qualstar Corporation (OTCMKTS:QBAKD – Get Free Report) rose 25.8% during mid-day trading on Monday . The stock traded as high as $2.75 and last traded at $2.7050. 12,730 shares changed hands during mid-day trading, an increase of 335% from the average daily volume of 2,925 shares. The stock had previously closed at $2.15.
Qualstar Trading Up 25.8%
The firm’s fifty day moving average price is $3.03 and its 200-day moving average price is $4.41. The company has a market cap of $5.10 million, a P/E ratio of 90.17 and a beta of 0.18.
About Qualstar
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.
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