Globalstar Stock Set to Reverse Split on Tuesday, February 11th (NYSEAMERICAN:GSAT)

Globalstar, Inc. (NYSEAMERICAN:GSAT) shares are scheduled to reverse split on Tuesday, February 11th. The 1-15 reverse split was announced on Friday, February 7th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, February 10th.

Globalstar Stock Performance

GSAT stock traded down $0.09 during trading hours on Friday, reaching $1.51. The stock had a trading volume of 18,976,093 shares, compared to its average volume of 14,188,396. The stock has a market cap of $2.86 billion, a P/E ratio of -50.33 and a beta of 1.03. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.09 and a quick ratio of 0.99. Globalstar has a fifty-two week low of $1.00 and a fifty-two week high of $2.74.

Globalstar Company Profile

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.