Globalstar, Inc. (NYSEAMERICAN:GSAT – Get Rating) shares gapped up before the market opened on Wednesday . The stock had previously closed at $2.09, but opened at $2.14. Globalstar shares last traded at $2.06, with a volume of 63,983 shares changing hands.
Globalstar Stock Performance
The company has a debt-to-equity ratio of 0.65, a current ratio of 1.12 and a quick ratio of 0.89. The company has a market cap of $3.01 billion, a P/E ratio of -27.83 and a beta of 0.04.
Globalstar (NYSEAMERICAN:GSAT – Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The Wireless communications provider reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $36.80 million for the quarter, compared to analyst estimates of $29.71 million. Globalstar had a negative return on equity of 25.83% and a negative net margin of 83.04%. Research analysts expect that Globalstar, Inc. will post -0.05 EPS for the current year.
Institutional Trading of Globalstar
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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