Globalstar, Inc. (NYSEARCA:GSAT – Get Free Report)’s share price traded down 7.8% during trading on Monday . The stock traded as low as $57.35 and last traded at $58.0450. 351,920 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 907,236 shares. The stock had previously closed at $62.95.
Globalstar Stock 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 firm has a market capitalization of $7.96 billion, a PE ratio of -2,082.63 and a beta of 1.00. The firm’s 50 day moving average price is $44.01 and its 200-day moving average price is $31.15.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its holdings in shares of Globalstar by 59,255.6% during the first quarter. IFP Advisors Inc now owns 5,342 shares of the company’s stock worth $111,000 after purchasing an additional 5,333 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in Globalstar in the 1st quarter valued at about $150,000. Ieq Capital LLC acquired a new position in shares of Globalstar during the 1st quarter valued at about $213,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Globalstar during the 1st quarter valued at about $1,332,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Globalstar in the first quarter worth approximately $1,915,000. 18.89% of the stock is currently owned by institutional investors and hedge funds.
Globalstar Company Profile
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.
Featured Articles
- Five stocks we like better than Globalstar
- How to Buy Cheap Stocks Step by Step
- Buyer Beware: Carvana Is Driving an Auto Lending Crisis
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- Healthcare Rotation Underway: 3 Stocks Leading the Charge
- How to start investing in penny stocks
- Medtronic Stock Finds Its Footing—Now It’s Gaining Momentum
Receive News & Ratings for Globalstar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globalstar and related companies with MarketBeat.com's FREE daily email newsletter.
