Globalstar (NASDAQ:GSAT) Downgraded by BidaskClub

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BidaskClub cut shares of Globalstar (NASDAQ:GSAT) from a sell rating to a strong sell rating in a research note published on Wednesday morning, BidAskClub reports.

GSAT stock opened at $0.38 on Wednesday. Globalstar has a twelve month low of $0.29 and a twelve month high of $0.73. The business’s 50-day moving average price is $0.42 and its 200-day moving average price is $0.48.

About Globalstar

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.

Featured Story: Initial Public Offering (IPO)

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