Globalstar, Inc. (NYSEAMERICAN:GSAT - Get Free Report) saw strong trading volume on Thursday . 12,699,032 shares were traded during trading, an increase of 114% from the previous session's volume of 5,925,770 shares.The stock last traded at $1.94 and had previously closed at $1.86.
Globalstar Trading Up 0.3 %
The firm has a market cap of $3.36 billion, a P/E ratio of -16.86 and a beta of 0.53. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 0.97.
Globalstar (NYSEAMERICAN:GSAT - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $60.39 million for the quarter, compared to the consensus estimate of $57.49 million. Globalstar had a negative return on equity of 76.89% and a negative net margin of 112.72%. On average, sell-side analysts forecast that Globalstar, Inc. will post -0.01 earnings per share for the current year.
Globalstar Company Profile
(
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Globalstar, Inc provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications.
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