Globalstar (NYSEAMERICAN:GSAT) Shares Up 7.5% - What's Next?

Globalstar, Inc. (NYSEAMERICAN:GSAT - Get Free Report)'s stock price shot up 7.5% during mid-day trading on Monday . The company traded as high as $21.42 and last traded at $21.39. 266,626 shares traded hands during trading, a decline of 65% from the average session volume of 766,288 shares. The stock had previously closed at $19.90.

Analyst Upgrades and Downgrades

Separately, B. Riley raised their price objective on Globalstar from $4.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th.

Globalstar Trading Up 1.2%

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 stock's fifty day moving average price is $19.33 and its two-hundred day moving average price is $22.93. The company has a market capitalization of $2.80 billion, a PE ratio of -49.34 and a beta of 1.03.

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.