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Zacks Equity Research

Globalstar Inc. (GSAT) Surges: Stock Moves 14.8% Higher
February 04, 2014


Trades from $3
Globalstar Inc. (GSAT - Free Report) was a big mover last session, as the company saw its shares rise by almost 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up almost 34% in the past one-month time frame.

This satellite communication company has seen no estimate revision over the past 30 days and its Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Globalstar currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the technology sector include AAC Technologies Holdings Inc. (AACAY - Free Report) , Broadcom Corp. and Brooks Automation, Inc. (BRKS - Free Report) . All these stocks hold a Zacks Rank #1 (Strong Buy).

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