Globalstar, Inc. (NYSEAMERICAN:GSAT - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $1.18, but opened at $1.23. Globalstar shares last traded at $1.20, with a volume of 853,713 shares traded.
Globalstar Stock Performance
The stock has a market capitalization of $2.21 billion, a PE ratio of -11.14 and a beta of 0.53. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.63 and a current ratio of 0.70.
Globalstar (NYSEAMERICAN:GSAT - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). Globalstar had a negative return on equity of 76.89% and a negative net margin of 112.72%. The business had revenue of $60.39 million for the quarter, compared to analyst estimates of $57.49 million. Analysts forecast that Globalstar, Inc. will post -0.01 EPS for the current year.
About Globalstar
(
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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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