Why Globalstar (GSAT) Stock Is Gaining In After-Hours Trading Today

NEW YORK (TheStreet) -- Globalstar (GSAT) shares are up 0.8% to $3.89 in after-hours trading on Monday after reporting a 70% year over year rise in second quarter adjusted EBITDA to $5 million from $2.9 million, on revenue of $24 million that was in line with analysts expectations.  

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TheStreet Ratings team rates GLOBALSTAR INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:

"We rate GLOBALSTAR INC (GSAT) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and feeble growth in its earnings per share."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

GST Chart GST data by YCharts

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