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

Globalstar, Inc. (NYSEAMERICAN:GSAT)’s share price gapped down prior to trading on Friday . The stock had previously closed at $21.56, but opened at $19.30. Globalstar shares last traded at $20.04, with a volume of 284,108 shares.

Analyst Ratings Changes

Separately, B. Riley upped their price target on shares of Globalstar from $4.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th.

Globalstar Price Performance

The stock has a market cap of $2.73 billion, a price-to-earnings ratio of -48.00 and a beta of 1.03. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.99 and a current ratio of 1.09.

Globalstar Company Profile

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.