Globalstar (GSAT) Shares Gap Up to $0.38
Globalstar, Inc. (NYSEAMERICAN:GSAT)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $0.38, but opened at $0.38. Globalstar shares last traded at $0.37, with a volume of 29022 shares traded.
A number of equities analysts recently commented on GSAT shares. Zacks Investment Research upgraded Globalstar from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st. Chardan Capital downgraded Globalstar from a “buy” rating to a “neutral” rating and set a $2.50 price objective on the stock. in a report on Thursday, August 9th.
Globalstar (NYSEAMERICAN:GSAT) last announced its quarterly earnings data on Thursday, November 1st. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). The company had revenue of $35.69 million during the quarter.
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About Globalstar (NYSEAMERICAN:GSAT)
Globalstar, Inc provides mobile satellite voice and data 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, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services.
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