Globalstar, Inc. (NYSEAMERICAN:GSAT - Get Free Report)'s stock price shot up 6.7% during mid-day trading on Monday . The stock traded as high as $19.89 and last traded at $19.89. 288,506 shares were traded during mid-day trading, a decline of 67% from the average session volume of 880,467 shares. The stock had previously closed at $18.64.
Analyst Ratings Changes
Separately, B. Riley boosted their target price on shares of Globalstar from $4.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, February 19th.
View Our Latest Analysis on Globalstar
Globalstar Stock Performance
The stock has a market capitalization of $2.47 billion, a PE ratio of -43.49 and a beta of 1.03. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.99 and a current ratio of 1.09. The firm's 50 day moving average is $21.55 and its two-hundred day moving average is $23.68.
Globalstar Company Profile
(
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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.
Further Reading
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