Globalstar, Inc. (NYSEAMERICAN:GSAT – Get Free Report) shares shot up 8.7% during midday trading on Thursday. The company traded as high as $1.20 and was last seen at $1.19. 704,196 shares changed hands during midday trading, a decline of 82% from the average session volume of 3,879,884 shares. The stock had previously closed at $1.09.
Globalstar trading down 2.5%
The stock has a market cap of $2.11 billion, a price-to-earnings ratio of -10.64, and a beta of 0.53. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.70, and a quick ratio of 0.63.
Globalstar (NYSEAMERICAN:GSAT – Get Free Report) last released its earnings results on Wednesday, May 8. The company reported earnings per share of -$0.01 for the quarter, meeting analysts’ consensus estimates of -$0.01. The company had revenue of $56.48 million during the quarter, compared to analyst estimates of $52.92 million. Globalstar had a negative net margin of 112.72% and a negative return on equity of 76.89%. On average, analysts forecast that Globalstar, Inc. will post earnings per share of -$0.01 for the current year.
About Globalstar
(Get free report)
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 use, security, emergency preparedness and response, and other applications.
Recommended Stories
Get daily news and reviews for Globalstar – 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.
