Stock Traders Purchase Large Volume of Globalstar Call Options (NYSEAMERICAN:GSAT)

Globalstar, Inc. (NYSEAMERICAN:GSAT) saw some unusual options trading on Wednesday. Stock traders acquired 22,956 call options on the stock. This represents an increase of 64% compared to the average volume of 14,006 call options.

Globalstar Stock Performance

Shares of Globalstar stock opened at $1.57 on Thursday. Globalstar has a 52 week low of $1.00 and a 52 week high of $2.74. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.91.

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.