Globalstar (NYSEAMERICAN:GSAT) Shares Down 5.8% – What’s Next?

Globalstar, Inc. (NYSEAMERICAN:GSAT) shares were down 5.8% during mid-day trading on Monday . The stock traded as low as $1.13 and last traded at $1.13. Approximately 2,977,615 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 4,033,073 shares. The stock had previously closed at $1.20.

Globalstar Stock Down 6.7 %

The firm has a market cap of $2.02 billion, a PE ratio of -10.55 and a beta of 0.53. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.63 and a current ratio of 0.70.

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