Globalstar, Inc. (NYSEMKT:GSAT) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.

Shares of Globalstar (NYSEMKT GSAT) traded down 8.43% during trading on Friday, hitting $1.63. The stock had a trading volume of 9,608,977 shares. The stock’s market cap is $1.89 billion. Globalstar has a 12 month low of $0.73 and a 12 month high of $2.59. The company’s 50 day moving average price is $1.95 and its 200 day moving average price is $1.90.

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About Globalstar

Globalstar, Inc (Globalstar) provides mobile satellite services (MSS), including voice and data communications services globally through satellite. The Company provides wireless communications services in areas not served or underserved by terrestrial wireless and wireline networks and in circumstances where terrestrial networks are not operational due to natural or man-made disasters.

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