Tuesday, January 5, 2016

Qualstar Gets NASDAQ Warning

Westlake Village-based Qualstar, the manufacturer of tape drives and high efficiency power supplies, has received a warning from the NASDAQ over its bid price. According to Qualstar, it received the latter on December 29th from the NASDAQ, a Notice of Bid Price Deficiency--a result of the company's stock trading below $1.00 per share. The company says it has 180 calendar days to regain compliance with the minimum price requirement before facing further action. Qualstar trades as QBAK.

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