Globalstar, Inc. (NYSEAMERICAN:GSAT – Get Free Report)’s stock price dropped 8.1% during trading on Monday . The stock traded as low as $57.35 and last traded at $57.84. Approximately 351,178 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 907,236 shares. The stock had previously closed at $62.95.
Globalstar Stock Performance
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 cap of $7.41 billion, a P/E ratio of -130.42 and a beta of 1.03. The company’s 50 day moving average is $43.11 and its 200 day moving average is $30.59.
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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