Stock Traders Purchase High Volume of Call Options on Globalstar (NYSEAMERICAN:GSAT)

Globalstar, Inc. (NYSEAMERICAN:GSAT) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 22,956 call options on the stock. This is an increase of approximately 64% compared to the average daily volume of 14,006 call options.

Globalstar Stock Up 3.4 %

Shares of NYSEAMERICAN GSAT traded up $0.05 during trading on Friday, hitting $1.53. The company had a trading volume of 14,874,288 shares, compared to its average volume of 14,767,559. Globalstar has a 12 month low of $1.00 and a 12 month high of $2.74. The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $2.90 billion, a P/E ratio of -51.00 and a beta of 1.07.

Globalstar Company Profile

Globalstar, Inc provides mobile satellite services worldwide. 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; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment.