Globalstar, Inc. (NYSEAMERICAN:GSAT - Free Report)'s stock is going to reverse split on the morning of Tuesday, February 11th. The 1-15 reverse split was announced on Friday, February 7th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, February 10th.
Globalstar Stock Performance
Shares of NYSEAMERICAN:GSAT traded up $0.93 on Tuesday, hitting $24.33. 1,578,607 shares of the company were exchanged, compared to its average volume of 1,015,126. Globalstar has a one year low of $15.00 and a one year high of $41.10. 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 company has a market cap of $46.09 billion, a price-to-earnings ratio of -811.00 and a beta of 1.03.
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.
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