Investors Purchase High Volume of Globalstar Call Options (NYSEAMERICAN:GSAT)

Globalstar, Inc. (NYSEAMERICAN:GSAT) was the target of some unusual options trading on Wednesday. Traders acquired 22,956 call options on the stock. This represents an increase of approximately 64% compared to the average volume of 14,006 call options.

Globalstar Stock Up 3.4 %

Shares of GSAT stock traded up $0.05 during mid-day trading on Friday, reaching $1.53. The stock had a trading volume of 14,874,288 shares, compared to its average volume of 14,767,559. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.99 and a current ratio of 1.09. Globalstar has a 1-year low of $1.00 and a 1-year high of $2.74. The firm has a market capitalization of $2.90 billion, a PE ratio of -51.00 and a beta of 1.07.

About Globalstar

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.