Globalstar, Inc. (NYSEAMERICAN:GSAT - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $20.78, but opened at $21.40. Globalstar shares last traded at $21.33, with a volume of 52,089 shares.
Analyst Upgrades and Downgrades
Separately, B. Riley raised their price objective on Globalstar from $4.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th.
Read Our Latest Research Report on GSAT
Globalstar Stock Performance
The firm has a market capitalization of $2.78 billion, a PE ratio of -48.85 and a beta of 1.03. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average price of $24.56.
About Globalstar
(
Get Free Report)
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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