Globalstar Stock Set to Reverse Split on Tuesday, February 11th (NYSEAMERICAN:GSAT)

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 - 11/15Shares 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.See AlsoFive stocks we like better than GlobalstarWhat is a buyback in stocks? A comprehensive guide for investorsIBM’s AI Bet Pays Off—What’s Next for Investors?5 Top Rated Dividend Stocks to Consider3 Reasons to Treat AMD's Drop as an Entry OpportunityOverbought Stocks Explained: Should You Trade Them?Qualcomm’s Post-Earnings Dip: A Prime Buying Opportunity?Globalstar: The Next Big Satellite Winner After Deal With Apple?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Where Should You Invest $1,000 Right Now?Before you make your next trade, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.They believe these five stocks are the five best companies for investors to buy now...See The Five Stocks Here Should You Invest $1,000 in Globalstar Right Now?Before you consider Globalstar, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Globalstar wasn't on the list.While Globalstar currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here