Globalstar (NYSEARCA:GSAT) Trading 0.1% Higher – Here’s What Happened

Globalstar, Inc. (NYSEARCA:GSAT) rose 0.1% during mid-day trading on Thursday . The company traded as high as $59.27 and last traded at $59.05. Approximately 422,564 shares were traded during trading, a decline of 33% from the average daily volume of 626,253 shares. The stock had previously closed at $59.01.

Globalstar Trading Up 0.1%

The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of -1,968.33 and a beta of 1.52. The business’s 50 day moving average price is $61.82 and its 200-day moving average price is $49.55. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.09 and a quick ratio of 0.99.

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. It also provides one-way or two-way communications and data transmissions using mobile devices, including the SPOT family of products, such as SPOT X, SPOT Gen4, and SPOT Trace that transmit messages and the location of the device; commercial Internet of Things transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets; small satellite transmitter modules comprising the STX-3, ST-150 and ST100, and chips that enable an integrator’s products to access its network; engineering and other communication services using MSS and terrestrial spectrum licenses; undertakes installation of gateways and antennas; and hardware and software products design and development services.