Globalstar, Inc. (NYSEAMERICAN:GSAT - Get Free Report)'s share price was up 3.2% on Tuesday . The company traded as high as $1.31 and last traded at $1.30. Approximately 2,127,154 shares traded hands during trading, a decline of 50% from the average daily volume of 4,258,467 shares. The stock had previously closed at $1.26.
Globalstar Stock Down 0.4 %
The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.63 and a current ratio of 0.70. The company has a market cap of $2.33 billion, a price-to-earnings ratio of -11.64 and a beta of 0.53.
Globalstar (NYSEAMERICAN:GSAT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.01) earnings per share (EPS) for the quarter. Globalstar had a negative return on equity of 76.89% and a negative net margin of 112.72%. The business had revenue of $52.41 million during the quarter, compared to analysts' expectations of $53.06 million. As a group, equities analysts predict that Globalstar, Inc. will post -0.01 earnings per share for the current fiscal year.
Institutional Trading of Globalstar
An institutional investor recently raised its position in Globalstar stock. SG Americas Securities LLC increased its holdings in Globalstar, Inc. (NYSEAMERICAN:GSAT - Free Report) by 135.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,801 shares of the company's stock after buying an additional 16,587 shares during the quarter. SG Americas Securities LLC's holdings in Globalstar were worth $38,000 at the end of the most recent reporting period. 17.15% of the stock is owned by institutional investors.
About Globalstar
(
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Globalstar, Inc provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally. 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.
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