Globalstar, Inc. (NYSE:GSAT – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $1.01 and last traded at $1.02, with a volume of 4114318 shares. The stock had previously closed at $1.06.
Globalstar Trading Down 1.4 %
The company has a market cap of $1.99 billion, a price-to-earnings ratio of -51.25 and a beta of 0.85. The company’s fifty day moving average price is $1.19 and its two-hundred day moving average price is $1.22. The company has a quick ratio of 0.95, a current ratio of 1.04 and a debt-to-equity ratio of 0.94.
Globalstar (NYSE:GSAT – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $60.39 million for the quarter, compared to analyst estimates of $57.49 million. Globalstar had a negative net margin of 22.96% and a negative return on equity of 13.69%. Research analysts expect that Globalstar, Inc. will post -0.02 earnings per share for the current year.
Insiders Place Their Bets
Institutional Investors Weigh In On Globalstar
A number of large investors have recently modified their holdings of the business. PFG Investments LLC raised its position in Globalstar by 83.3% in the second quarter. PFG Investments LLC now owns 22,000 shares of the company’s stock valued at $25,000 after purchasing an additional 10,000 shares during the period. Empowered Funds LLC purchased a new position in Globalstar during the first quarter worth about $26,000. Grant Street Asset Management Inc. acquired a new stake in Globalstar during the 1st quarter valued at $29,000. XTX Topco Ltd acquired a new position in Globalstar in the second quarter worth about $31,000. Finally, Second Line Capital LLC bought a new position in shares of Globalstar in the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 18.89% of the company’s stock.
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.
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