Globalstar, Inc. (NYSEAMERICAN:GSAT) gapped up prior to trading on Friday . The stock had previously closed at $0.28, but opened at $0.35. Globalstar shares last traded at $0.38, with a volume of 5991649 shares trading hands.
Several brokerages have commented on GSAT. Zacks Investment Research lowered shares of Globalstar from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Chardan Capital lowered shares of Globalstar from a “buy” rating to a “neutral” rating and set a $2.50 price target on the stock. in a research note on Thursday, August 9th.
Globalstar (NYSEAMERICAN:GSAT) last posted its quarterly earnings data on Thursday, November 1st. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $35.69 million during the quarter.
Globalstar Company Profile (NYSEAMERICAN:GSAT)
Globalstar, Inc provides mobile satellite voice and data 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, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services.
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