Globalstar, Inc. (NYSEMKT:GSAT) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday.

Shares of Globalstar (NYSEMKT:GSAT) opened at 1.87 on Tuesday. The firm has a 50-day moving average price of $1.83 and a 200-day moving average price of $1.94. Globalstar has a 1-year low of $0.73 and a 1-year high of $2.59. The stock’s market capitalization is $2.17 billion.

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About Globalstar

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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