Globalstar, Inc. (NYSEAMERICAN:GSAT – Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $21.56, but opened at $19.30. Globalstar shares last traded at $20.04, with a volume of 284,108 shares changing hands.
Wall Street Analyst Weigh In
Separately, B. Riley increased their target price on Globalstar from $4.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th.
View Our Latest Research Report on GSAT
Globalstar Stock Performance
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.
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