Globalstar, Inc. (NYSEAMERICAN:GSAT – Get Rating) Director James Monroe III acquired 100,000 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were bought at an average cost of $1.83 per share, for a total transaction of $183,000.00. Following the acquisition, the director now owns 100,000 shares of the company’s stock, valued at approximately $183,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Globalstar Trading Down 0.5 %
GSAT stock opened at $1.83 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.78. Globalstar, Inc. has a twelve month low of $0.90 and a twelve month high of $2.98. The business’s 50 day moving average is $1.59. The firm has a market capitalization of $3.30 billion, a PE ratio of -36.60 and a beta of 0.26.
Globalstar (NYSEAMERICAN:GSAT – Get Rating) last announced its earnings results on Thursday, August 4th. The Wireless communications provider reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $36.80 million for the quarter, compared to analyst estimates of $29.71 million. Globalstar had a negative net margin of 74.68% and a negative return on equity of 28.57%. On average, equities research analysts predict that Globalstar, Inc. will post -0.05 earnings per share for the current year.
Hedge Funds Weigh In On Globalstar
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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