Globalstar, Inc. (NYSEAMERICAN:GSAT – Get Free Report)’s share price traded down 6.3% during mid-day trading on Tuesday . The stock traded as low as $64.26 and last traded at $64.68. 450,490 shares traded hands during trading, a decline of 50% from the average session volume of 898,175 shares. The stock had previously closed at $69.05.
Globalstar Trading Down 5.7%
The firm’s fifty day simple moving average is $54.97 and its 200-day simple moving average is $37.23. 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 stock has a market cap of $8.22 billion, a P/E ratio of -144.74 and a beta of 1.03.
About Globalstar
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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