Globalstar (NASDAQ:GSAT) Downgraded by BidaskClub

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Globalstar (NASDAQ:GSAT) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday, BidAskClub reports.

GSAT stock opened at $0.43 on Friday. Globalstar has a 52-week low of $0.29 and a 52-week high of $0.73. The company’s 50-day moving average price is $0.52.

Globalstar (NASDAQ:GSAT) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $30.08 million for the quarter.

Globalstar Company Profile

Globalstar, Inc provides mobile satellite voice and data 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, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services.

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