Globalstar (NYSEAMERICAN:GSAT) Sees Large Volume Increase - Time to Buy?

Globalstar, Inc. (NYSEAMERICAN:GSAT - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 72,295,766 shares changed hands during mid-day trading, an increase of 1,550% from the previous session's volume of 4,380,409 shares.The stock last traded at $1.24 and had previously closed at $1.05.

Globalstar Trading Up 32.4 %

The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.63 and a current ratio of 0.70. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of -12.86 and a beta of 0.53.

Globalstar (NYSEAMERICAN:GSAT - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $60.39 million for the quarter, compared to analyst estimates of $57.49 million. Globalstar had a negative net margin of 112.72% and a negative return on equity of 76.89%. On average, equities analysts expect that Globalstar, Inc. will post -0.01 EPS for the current year.

About Globalstar

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.