Globalstar, Inc. (NYSEAMERICAN:GSAT – Get Free Report) was up 4.1% during mid-day trading on Wednesday . The stock traded as high as $46.50 and last traded at $45.53. Approximately 1,394,242 shares changed hands during mid-day trading, an increase of 66% from the average daily volume of 839,795 shares. The stock had previously closed at $43.73.
Globalstar Price Performance
The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.99 and a current ratio of 1.09. The stock’s 50 day simple moving average is $31.48 and its two-hundred day simple moving average is $25.02. The firm has a market capitalization of $5.75 billion, a PE ratio of -101.23 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.
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