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

Globalstar, Inc. (NYSEAMERICAN:GSAT) gapped up before the market opened 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 Trading Up 8.7 %

The stock has a market cap of $2.15 billion, a PE ratio of -10.00 and a beta of 0.53. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 0.97.

Globalstar (NYSEAMERICAN:GSAT) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $56.48 million during the quarter, compared to the consensus estimate of $52.92 million. Globalstar had a negative net margin of 112.72% and a negative return on equity of 76.89%. Equities 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.