Globalstar (NYSEARCA:GSAT) Trading Up 6.4% – Should You Buy?

Globalstar, Inc. (NYSEARCA:GSAT)’s share price shot up 6.4% on Wednesday . The stock traded as high as $66.60 and last traded at $67.47. 298,047 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 682,732 shares. The stock had previously closed at $63.44.

Globalstar Stock Up 6.4%

The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.99 and a current ratio of 1.09. The firm has a market capitalization of $8.56 billion, a P/E ratio of -2,252.50 and a beta of 1.10. The stock has a fifty day moving average price of $63.02 and a two-hundred day moving average price of $45.78.

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. It also provides one-way or two-way communications and data transmissions using mobile devices, including the SPOT family of products, such as SPOT X, SPOT Gen4, and SPOT Trace that transmit messages and the location of the device; commercial Internet of Things transmission products to track cargo containers and rail cars, as well as to monitor utility meters, and oil and gas assets; small satellite transmitter modules comprising the STX-3, ST-150 and ST100, and chips that enable an integrator’s products to access its network; engineering and other communication services using MSS and terrestrial spectrum licenses; undertakes installation of gateways and antennas; and hardware and software products design and development services.