BidaskClub Downgrades Globalstar (NASDAQ:GSAT) to Sell

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Globalstar (NASDAQ:GSAT) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday, BidAskClub reports.

Globalstar stock opened at $0.43 on Friday. The firm’s fifty day moving average is $0.52. Globalstar has a 12 month low of $0.29 and a 12 month high of $0.73.

Globalstar (NASDAQ:GSAT) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $30.08 million for the quarter.

Globalstar Company Profile

Globalstar, Inc provides mobile satellite voice and data 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, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services.

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