Shares of Globalstar, Inc. (NYSEAMERICAN:GSAT – Get Free Report) were up 0.1% on Thursday . The company traded as high as $59.27 and last traded at $59.05. Approximately 422,564 shares were traded during trading, a decline of 33% from the average daily volume of 626,253 shares. The stock had previously closed at $59.01.
Globalstar Stock Up 1.8%
The firm’s 50-day moving average price is $61.59 and its 200-day moving average price is $49.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.09 and a quick ratio of 0.99. The company has a market cap of $7.59 billion, a price-to-earnings ratio of -133.62 and a beta of 1.03.
About Globalstar
Globalstar, Inc is a leading provider of mobile satellite voice and data services, offering connectivity solutions when terrestrial networks are unavailable. The company operates a low Earth orbit (LEO) satellite constellation that supports both simplex and duplex satellite communications. Its network enables reliable voice calls, two-way data communication, and emergency messaging for a diverse range of commercial, industrial and consumer applications.
The company’s product portfolio includes SPOT® satellite messengers and asset-tracking devices, which leverage its simplex data capabilities for GPS-based location reporting, customizable check-in messaging, and SOS emergency alerts.
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