Globalstar, Inc. (NYSEAMERICAN:GSAT - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $21.56, but opened at $19.30. Globalstar shares last traded at $20.04, with a volume of 284,108 shares.
Analysts Set New Price Targets
Separately, B. Riley boosted their target price on Globalstar from $4.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th.
Get Our Latest Stock Analysis on GSAT
Globalstar Price Performance
The firm has a 50 day simple moving average of $26.23. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.91. The firm has a market cap of $2.73 billion, a PE ratio of -47.98 and a beta of 1.03.
About Globalstar
(
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Globalstar, Inc provides mobile satellite services worldwide. 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; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment.
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