Shares of Globalstar, Inc. (NYSEAMERICAN:GSAT) gapped up before the market opened on Thursday . The stock had previously closed at $0.53, but opened at $0.55. Globalstar shares last traded at $0.56, with a volume of 6806350 shares.
Separately, TheStreet cut Globalstar from a “c-” rating to a “d+” rating in a research report on Friday, February 2nd.
Globalstar (NYSEAMERICAN:GSAT) last posted its earnings results on Thursday, February 22nd. The Wireless communications provider reported ($0.02) EPS for the quarter. Globalstar had a net margin of 172.06% and a return on equity of 145.71%. The business had revenue of $29.43 million during the quarter.
TRADEMARK VIOLATION NOTICE: “Globalstar (GSAT) Shares Gap Up to $0.55” was posted by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/3338063/globalstar-gsat-shares-gap-up-to-0-55.html.
Globalstar Company Profile
Globalstar, Inc (Globalstar) provides mobile satellite services (MSS), including voice and data communications services globally through satellite. The Company provides wireless communications services in areas not served or underserved by terrestrial wireless and wireline networks and in circumstances where terrestrial networks are not operational due to natural or man-made disasters.
Receive News & Ratings for Globalstar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globalstar and related companies with MarketBeat.com's FREE daily email newsletter.