Globalstar (NYSEAMERICAN:GSAT) Shares Gap Up to $1.10

Globalstar, Inc. (NYSEAMERICAN:GSAT) gapped up prior to trading on Friday . The stock had previously closed at $1.10, but opened at $1.18. Globalstar shares last traded at $1.17, with a volume of 1,789,340 shares changing hands.

Globalstar Price Performance

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 firm has a market cap of $2.15 billion, a price-to-earnings ratio of -10.00 and a beta of 0.53.

Globalstar (NYSEAMERICAN:GSAT) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). Globalstar had a negative net margin of 112.72% and a negative return on equity of 76.89%. The company had revenue of $56.48 million during the quarter, compared to analyst estimates of $52.92 million. Equities research analysts anticipate that Globalstar, Inc. will post -0.01 earnings per share for the current fiscal year.

About Globalstar

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.