Qualstar (OTCMKTS:QBAK) Trading Down 7.1%

Qualstar Co. (OTCMKTS:QBAKGet Free Report) dropped 7.1% during mid-day trading on Friday . The stock traded as low as $5.95 and last traded at $6.50. Approximately 4,900 shares were traded during trading, an increase of 68% from the average daily volume of 2,923 shares. The stock had previously closed at $7.00.

Qualstar Trading Down 7.1 %

The firm has a 50-day simple moving average of $6.86 and a 200-day simple moving average of $5.50.

About Qualstar

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Qualstar Corporation engages in power solutions and data storage systems businesses worldwide. The company operates through two segments, Power Solutions and Data Storage Systems. It provides data storage systems under the Qualstar brand and power solutions under the N2Power brand. The company designs, manufactures, and sells switching power supplies that are used to convert AC line voltage to DC voltages; or DC voltages to other DC voltages for use in various electronic equipment, such as telecommunications equipment, machine tools, routers, switches, wireless systems, and gaming devices.

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