Globalstar, Inc. (NYSE:GSAT – Get Free Report) Director James Monroe III bought 4,510,855 shares of the stock in a transaction on Friday, June 28th. The stock was purchased at an average price of $1.06 per share, with a total value of $4,781,506.30. Following the completion of the acquisition, the director now directly owns 8,708,254 shares in the company, valued at approximately $9,230,749.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Globalstar Stock Performance
Globalstar stock traded down $0.02 during midday trading on Monday, hitting $1.11. 1,565,605 shares of the company’s stock were exchanged, compared to its average volume of 3,818,996. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.97. The firm has a market cap of $2.10 billion, a P/E ratio of -56.25 and a beta of 0.90. The business’s 50-day moving average price is $1.09. Globalstar, Inc. has a 12 month low of $1.01 and a 12 month high of $2.13.
Globalstar (NYSE:GSAT – Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $56.48 million for the quarter, compared to analysts’ expectations of $52.92 million. Globalstar had a negative return on equity of 11.66% and a negative net margin of 19.14%. As a group, equities analysts expect that Globalstar, Inc. will post -0.02 earnings per share for the current year.
Institutional Inflows and Outflows
About Globalstar
Globalstar, Inc provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally. 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.
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