Globalstar (NYSEAMERICAN:GSAT) Shares Gap Down to $1.33

Shares of Globalstar, Inc. (NYSEAMERICAN:GSAT) gapped down before the market opened on Friday . The stock had previously closed at $1.33, but opened at $1.29. Globalstar shares last traded at $1.28, with a volume of 874,496 shares traded.

Globalstar Stock Performance

The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $2.27 billion, a P/E ratio of -12.09 and a beta of 0.53.

Globalstar (NYSEAMERICAN:GSAT) last issued its earnings results on Wednesday, May 8th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $56.48 million for the quarter, compared to analyst estimates of $52.92 million. Globalstar had a negative return on equity of 76.89% and a negative net margin of 112.72%. Sell-side analysts forecast that Globalstar, Inc. will post -0.01 EPS for the current year.

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.