Globalstar (NYSEAMERICAN:GSAT) Trading Up 6.9%

Globalstar, Inc. (NYSEAMERICAN:GSAT) shares traded up 6.9% on Friday . The company traded as high as $1.18 and last traded at $1.16. 1,737,875 shares traded hands during trading, a decline of 56% from the average session volume of 3,926,942 shares. The stock had previously closed at $1.08.

Globalstar Stock Performance

The company has a market cap of $2.03 billion, a price-to-earnings ratio of -10.27 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) last announced its earnings results on Wednesday, May 8th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $56.48 million during the quarter, compared to analyst estimates of $52.92 million. Globalstar had a negative net margin of 112.72% and a negative return on equity of 76.89%. As a group, equities research analysts predict that Globalstar, Inc. will post -0.01 earnings per share for the current year.

Globalstar Company Profile

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.