Globalstar (NYSEAMERICAN:GSAT) Shares Up 0.1% – Here’s Why

Globalstar, Inc. (NYSEAMERICAN:GSAT)’s stock price traded up 0.1% during trading on Thursday . The stock traded as high as $59.27 and last traded at $59.05. 422,564 shares changed hands during trading, a decline of 33% from the average session volume of 626,253 shares. The stock had previously closed at $59.01.

Globalstar Price Performance

The firm has a market cap of $7.46 billion, a PE ratio of -131.29 and a beta of 1.03. The stock’s fifty day moving average price is $61.85 and its 200-day moving average price is $49.56. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.09 and a quick ratio of 0.99.

About Globalstar

Globalstar, Inc is a leading provider of mobile satellite voice and data services, offering connectivity solutions when terrestrial networks are unavailable. The company operates a low Earth orbit (LEO) satellite constellation that supports both simplex and duplex satellite communications. Its network enables reliable voice calls, two-way data communication, and emergency messaging for a diverse range of commercial, industrial and consumer applications.

The company’s product portfolio includes SPOT® satellite messengers and asset-tracking devices, which leverage its simplex data capabilities for GPS-based location reporting, customizable check-in messaging, and SOS emergency alerts.