Globalstar, Inc. (NYSEAMERICAN:GSAT – Get Free Report)’s stock price shot up 9.3% during trading on Thursday . The stock traded as high as $45.96 and last traded at $45.96. 456,649 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 841,227 shares. The stock had previously closed at $42.06.
Globalstar Stock Performance
The company’s 50-day moving average price is $35.84 and its 200 day moving average price is $26.95. 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 has a market capitalization of $5.72 billion, a PE ratio of -100.65 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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