Globalstar (NYSEAMERICAN:GSAT) Sees Large Volume Increase – What’s Next?

Shares of Globalstar, Inc. (NYSEAMERICAN:GSAT) saw strong trading volume on Thursday . 12,699,032 shares traded hands during mid-day trading, an increase of 114% from the previous session’s volume of 5,925,770 shares.The stock last traded at $1.94 and had previously closed at $1.86.

Globalstar Trading Up 0.3 %

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 stock has a market cap of $3.36 billion, a P/E ratio of -16.86 and a beta of 0.53.

Globalstar (NYSEAMERICAN:GSAT) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $60.39 million for the quarter, compared to the consensus estimate of $57.49 million. Globalstar had a negative net margin of 112.72% and a negative return on equity of 76.89%. As a group, equities analysts forecast that Globalstar, Inc. will post -0.01 EPS for the current year.

Globalstar Company Profile

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.