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Globalstar (NASDAQ:GSAT)‘s stock had its “buy” rating reaffirmed by Chardan Capital in a research note issued on Tuesday.

Globalstar (NASDAQ:GSAT) traded down 4.15% on Tuesday, hitting $3.70. 4,980,051 shares of the company’s stock traded hands. Globalstar has a 52 week low of $2.33 and a 52 week high of $4.53. The stock’s 50-day moving average is $4.10 and its 200-day moving average is $3.57. The company’s market cap is $3.233 billion.

Globalstar (NASDAQ:GSAT) last announced its earnings results on Monday, August 11th. The company reported ($0.48) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.04) by $0.44. The company had revenue of $24.00 million for the quarter, compared to the consensus estimate of $21.67 million. Analysts expect that Globalstar will post $-0.38 EPS for the current fiscal year.

Globalstar, Inc (NASDAQ:GSAT) is a provider of mobile voice and data communications services globally via satellite.

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