Globalstar, Inc. (NYSEAMERICAN:GSAT – Get Free Report)’s share price traded up 8% during trading on Wednesday . The company traded as high as $68.71 and last traded at $68.52. 449,809 shares were traded during mid-day trading, a decline of 35% from the average session volume of 693,010 shares. The stock had previously closed at $63.44.
Globalstar Price Performance
The stock’s fifty day moving average price is $63.05 and its 200-day moving average price is $45.79. 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 cap of $8.53 billion, a PE ratio of -150.18 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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