Globalstar (NYSEAMERICAN:GSAT) Shares Gap Up – Should You Buy?

Globalstar, Inc. (NYSEAMERICAN:GSAT) shares gapped up before the market opened on Monday . The stock had previously closed at $1.03, but opened at $1.09. Globalstar shares last traded at $1.08, with a volume of 308,434 shares.

Globalstar Price Performance

The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of -9.36 and a beta of 0.53.

Globalstar (NYSEAMERICAN:GSAT) last issued its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). Globalstar had a negative net margin of 112.72% and a negative return on equity of 76.89%. The firm had revenue of $60.39 million during the quarter, compared to analysts’ expectations of $57.49 million. As a group, research analysts expect that Globalstar, Inc. will post -0.01 earnings per share for the current fiscal 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.