Globalstar, Inc. (NYSEAMERICAN:GSAT – Get Free Report)’s stock price traded down 6.9% during mid-day trading on Wednesday . The company traded as low as $62.50 and last traded at $62.65. 373,026 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 581,219 shares. The stock had previously closed at $67.30.
Globalstar Trading Down 7.8%
The company has a fifty day simple moving average of $60.88 and a two-hundred day simple moving average of $41.87. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.91. The company has a market cap of $7.84 billion, a PE ratio of -137.89 and a beta of 1.03.
About Globalstar
Globalstar, Inc is a leading provider of mobile satellite voice and data services, offering connectivity solutions when terrestrial networks are unavailable. The company operates a low Earth orbit (LEO) satellite constellation that supports both simplex and duplex satellite communications. Its network enables reliable voice calls, two-way data communication, and emergency messaging for a diverse range of commercial, industrial and consumer applications.
The company’s product portfolio includes SPOT® satellite messengers and asset-tracking devices, which leverage its simplex data capabilities for GPS-based location reporting, customizable check-in messaging, and SOS emergency alerts.
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