Globalstar, Inc. (NYSEAMERICAN:GSAT – Get Free Report) rose 3% during mid-day trading on Wednesday . The stock traded as high as $71.84 and last traded at $70.28. Approximately 838,560 shares were traded during trading, a decline of 7% from the average daily volume of 901,850 shares. The stock had previously closed at $68.24.
Globalstar Price Performance
The firm has a market capitalization of $8.88 billion, a P/E ratio of -156.25 and a beta of 1.03. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.91. The business’s 50 day moving average is $53.19 and its 200-day moving average is $35.99.
Globalstar Company Profile
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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