Globalstar, Inc. (NYSEAMERICAN:GSAT – Get Free Report) traded down 6.9% on Friday . The stock traded as low as $1.48 and last traded at $1.49. 16,425,696 shares traded hands during trading, an increase of 17% from the average session volume of 14,009,011 shares. The stock had previously closed at $1.60.
Globalstar Trading Down 5.6 %
The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.99 and a current ratio of 1.09. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of -50.33 and a beta of 1.03.
Globalstar Company Profile
Globalstar, Inc provides mobile satellite services worldwide. 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; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment.
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