Globalstar, Inc. (NYSE:GSAT – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $1.25, but opened at $1.28. Globalstar shares last traded at $1.26, with a volume of 1,137,709 shares.
Globalstar Stock Up 6.4 %
The stock has a market capitalization of $2.53 billion, a P/E ratio of -66.50 and a beta of 0.90. The firm has a fifty day moving average of $1.20. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.90 and a current ratio of 1.00.
Globalstar (NYSE:GSAT – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $60.39 million during the quarter, compared to analyst estimates of $57.49 million. Globalstar had a negative net margin of 19.14% and a negative return on equity of 11.66%. Research analysts forecast that Globalstar, Inc. will post -0.02 earnings per share for the current year.
Insider Activity at Globalstar
Institutional Trading of Globalstar
A number of institutional investors have recently bought and sold shares of the business. American International Group Inc. grew its holdings in Globalstar by 2.5% during the 1st quarter. American International Group Inc. now owns 357,070 shares of the company’s stock worth $525,000 after acquiring an additional 8,706 shares during the period. Intellectus Partners LLC grew its holdings in Globalstar by 5.0% during the 4th quarter. Intellectus Partners LLC now owns 188,210 shares of the company’s stock worth $365,000 after acquiring an additional 9,000 shares during the period. PFG Investments LLC grew its holdings in Globalstar by 83.3% during the 2nd quarter. PFG Investments LLC now owns 22,000 shares of the company’s stock worth $25,000 after acquiring an additional 10,000 shares during the period. Abel Hall LLC acquired a new stake in Globalstar during the 4th quarter worth $26,000. Finally, ProShare Advisors LLC grew its holdings in Globalstar by 12.2% during the 1st quarter. ProShare Advisors LLC now owns 130,174 shares of the company’s stock worth $191,000 after acquiring an additional 14,166 shares during the period. Institutional investors and hedge funds own 18.89% of the company’s stock.
About Globalstar
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.
Featured Articles
- Five stocks we like better than Globalstar
- Business Services Stocks Investing
- Moderna Dips on Q2 Earnings But Can It Rip on a Short Squeeze?
- Best Stocks Under $5.00
- 2 Option Strategies to Maximize Profits in a Bear Market
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Lululemon Stock Gears Up for a Massive Comeback Rally
Receive News & Ratings for Globalstar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globalstar and related companies with MarketBeat.com's FREE daily email newsletter.