Globalstar (NYSEAMERICAN:GSAT) Trading 5.7% Higher

Globalstar, Inc. (NYSEAMERICAN:GSAT)’s share price traded up 5.7% on Monday . The company traded as high as $1.30 and last traded at $1.29. 4,060,915 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 3,846,143 shares. The stock had previously closed at $1.22.

Globalstar Stock Performance

The company has a market cap of $2.29 billion, a P/E ratio of -11.55 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) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). Globalstar had a negative net margin of 112.72% and a negative return on equity of 76.89%. The firm had revenue of $56.48 million during the quarter, compared to the consensus estimate of $52.92 million. Sell-side analysts anticipate that Globalstar, Inc. will post -0.01 EPS for the current fiscal year.

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.