Globalstar Stock Set to Reverse Split on Tuesday, February 11th (NYSEAMERICAN:GSAT)
Globalstar, Inc. (NYSEAMERICAN:GSAT) is set to undergo a 1-15 reverse stock split on February 11th, following an announcement made on February 7th. Shareholders will see their number of shares adjusted after market close on February 10th. Recently, Globalstar's stock fell by 5.6%, trading at $1.51 with a market cap of $2.86 billion. The company provides mobile satellite services globally, including voice and data communications for various applications.
Globalstar, Inc. (NYSEAMERICAN:GSAT - Free Report)'s stock is set 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 closing bell on Monday, February 10th.
Globalstar Stock Down 5.6 %
- MarketBeat Week in Review – 11/11 - 11/15
Shares of Globalstar stock traded down $0.09 during trading on Friday, reaching $1.51. The company's stock had a trading volume of 18,976,093 shares, compared to its average volume of 14,188,396. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.09 and a quick ratio of 0.99. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of -50.33 and a beta of 1.03. Globalstar has a 1-year low of $1.00 and a 1-year high of $2.74.
About Globalstar
(Get Free Report)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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