Globalstar (NYSEAMERICAN:GSAT) Trading Down 1% - Here's What Happened

Key Points

• Globalstar's stock price decreased by 1%, closing at $24.92 after trading as low as $24.57, with a trading volume that was 20% below its average.
• The company has a market capitalization of $3.15 billion, a PE ratio of -55.40, and a debt-to-equity ratio of 0.91, reflecting its financial health.
• Globalstar provides mobile satellite services globally, catering to various needs such as emergency preparedness, industrial communication, and recreational usage.

Globalstar, Inc. (NYSEAMERICAN:GSAT - Get Free Report)'s stock price dropped 1% during trading on Wednesday . The company traded as low as $24.57 and last traded at $24.92. Approximately 591,513 shares traded hands during trading, a decline of 20% from the average daily volume of 734,986 shares. The stock had previously closed at $25.18.

Globalstar Price Performance

The stock's 50-day moving average is $25.50 and its 200 day moving average is $22.57. 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 $3.51 billion, a PE ratio of -61.83 and a beta of 1.03.

About Globalstar

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.