Globalstar (NYSEAMERICAN:GSAT) Trading Up 3.2%

Globalstar, Inc. (NYSEAMERICAN:GSAT) shares were up 3.2% on Tuesday . The stock traded as high as $1.31 and last traded at $1.30. Approximately 2,127,154 shares traded hands during trading, a decline of 50% from the average daily volume of 4,258,467 shares. The stock had previously closed at $1.26.

Globalstar Trading Up 3.2 %

The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.63 and a current ratio of 0.70. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of -11.82 and a beta of 0.53.

Globalstar (NYSEAMERICAN:GSAT) last issued its earnings results on Wednesday, February 28th. The company reported ($0.01) earnings per share for the quarter. Globalstar had a negative return on equity of 76.89% and a negative net margin of 112.72%. The company had revenue of $52.41 million for the quarter, compared to analyst estimates of $53.06 million. Equities analysts anticipate that Globalstar, Inc. will post -0.01 EPS for the current fiscal year.

Institutional Trading of Globalstar

An institutional investor recently raised its position in Globalstar stock. SG Americas Securities LLC raised its holdings in Globalstar, Inc. (NYSEAMERICAN:GSAT) by 135.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,801 shares of the company’s stock after purchasing an additional 16,587 shares during the period. SG Americas Securities LLC’s holdings in Globalstar were worth $38,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 17.15% of the company’s stock.

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.