StockNews.com Begins Coverage on Globalstar (NYSE:GSAT)

StockNews.com started coverage on shares of Globalstar (NYSE:GSAT – Get Rating) in a research note issued to investors on Thursday morning. The brokerage issued a hold rating on the stock.

Globalstar Stock Up 9.6 %

GSAT stock opened at $1.14 on Thursday. The company has a current ratio of 0.41, a quick ratio of 0.37 and a debt-to-equity ratio of 0.42. Globalstar has a 12 month low of $0.99 and a 12 month high of $2.98. The company has a market cap of $2.06 billion, a price-to-earnings ratio of -8.77 and a beta of 0.68. The firm has a 50-day moving average price of $1.73.

About Globalstar

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Globalstar, Inc engages in the provision of mobile satellite services. It offers voice and data communications services to the following markets: recreation and personal, government, public safety and disaster relief, oil and gas, maritime and fishing, natural resources, mining, and forestry, construction, utilities, and transportation.