Globalstar (NYSEAMERICAN:GSAT) Shares Gap Up – Here’s What Happened

Globalstar, Inc. (NYSEAMERICAN:GSATGet Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $22.65, but opened at $26.99. Globalstar shares last traded at $23.88, with a volume of 420,873 shares trading hands.

Globalstar Stock Performance

The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 0.91. The company has a market cap of $46.67 billion, a price-to-earnings ratio of -821.33 and a beta of 1.03.

About Globalstar

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Globalstar, Inc provides mobile satellite 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 usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment.

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