Globalstar (NYSEAMERICAN:GSAT) Stock Price Expected to Rise, B. Riley Analyst Says

Globalstar (NYSEAMERICAN:GSAT) had its price objective upped by B. Riley from $4.00 to $60.00 in a report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Globalstar Stock Performance

Globalstar stock opened at $20.67 on Wednesday. Globalstar has a fifty-two week low of $15.00 and a fifty-two week high of $41.10. 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 cap of $2.61 billion, a PE ratio of -45.96 and a beta of 1.03.

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.