BidaskClub Lowers Globalstar (NASDAQ:GSAT) to Sell

BidaskClub downgraded shares of Globalstar (NASDAQ:GSAT) from a hold rating to a sell rating in a report published on Friday morning, BidAskClub reports.

Shares of Globalstar stock opened at $0.44 on Friday. Globalstar has a 1-year low of $0.29 and a 1-year high of $0.73. The stock’s fifty day simple moving average is $0.51.

Globalstar (NASDAQ:GSAT) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $30.08 million for the quarter.

Globalstar Company Profile

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.

Read More: Cost of Goods Sold (COGS)

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