The CEO of Globalstar (NYSE MKT: GSAT) is Buying Shares

Yesterday, the CEO of Globalstar (GSATResearch Report), James Monroe, bought shares of GSAT for $1.21M.

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Based on Globalstar’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $38.61 million and quarterly net profit of $21.11 million. In comparison, last year the company earned revenue of $35.69 million and had a net profit of $9.02 million. The company has a one-year high of $0.73 and a one-year low of $0.29.

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Globalstar, Inc. provides mobile satellite services, voice and data communications services through satellite worldwide. It offers communications services via satellite which includes: two-way voice communication and data transmissions using mobile or fixed devices; and one-way data transmissions using a mobile or fixed device that transmits its location and other information to a central monitoring station. The company provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. It serves to government; public safety and disaster relief; recreation and personal; telecommunications; oil and gas; maritime and fishing; natural resources; construction; utilities; and transportation markets. Globalstar was founded in November 2003 and is headquartered in Covington, LA.