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Globalstar (NYSEAMERICAN:GSAT) Shares Gap Up - Here's What Happened

Globalstar logo with Computer and Technology background

Globalstar, Inc. (NYSEAMERICAN:GSAT - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $24.92, but opened at $25.69. Globalstar shares last traded at $25.57, with a volume of 611,799 shares.

Globalstar Trading Up 3.9%

The firm has a fifty day simple moving average of $20.75 and a 200-day simple moving average of $23.80. The firm has a market cap of $3.27 billion, a P/E ratio of -57.58 and a beta of 1.03. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.09 and a quick ratio of 0.99.

About Globalstar

(Get Free Report)

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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