Globalstar (NYSEAMERICAN:GSAT) is scheduled to release its earnings data after the market closes on Wednesday, February 21st. Analysts expect Globalstar to post earnings of ($0.02) per share for the quarter.
Globalstar (NYSEAMERICAN:GSAT) opened at $0.95 on Monday. The stock has a market capitalization of $1,250.00, a price-to-earnings ratio of -5.58 and a beta of 1.54. Globalstar has a one year low of $0.86 and a one year high of $2.59.
Separately, TheStreet lowered Globalstar from a “c-” rating to a “d+” rating in a research note on Friday, February 2nd.
In other news, CEO James Monroe III sold 38,000,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $1.16, for a total transaction of $44,080,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
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Globalstar, Inc (Globalstar) provides mobile satellite services (MSS), including voice and data communications services globally through satellite. The Company provides wireless communications services in areas not served or underserved by terrestrial wireless and wireline networks and in circumstances where terrestrial networks are not operational due to natural or man-made disasters.
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