SES (OTCMKTS:SGBAF) Shares Gap Up – Here’s Why

Ses S.A. (OTCMKTS:SGBAF) shares gapped up prior to trading on Tuesday . The stock had previously closed at $7.58, but opened at $8.06. SES shares last traded at $8.06, with a volume of 500 shares trading hands.

SES Price Performance

The stock has a market cap of $4.16 billion, a PE ratio of -23.03 and a beta of 0.77. The company has a quick ratio of 2.31, a current ratio of 2.33 and a debt-to-equity ratio of 1.67. The company’s fifty day moving average is $6.41 and its 200 day moving average is $6.97.

SES (OTCMKTS:SGBAF) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.02) earnings per share for the quarter. SES had a negative net margin of 5.27% and a positive return on equity of 4.97%. The firm had revenue of $898.90 million for the quarter. As a group, sell-side analysts anticipate that Ses S.A. will post 0.41 earnings per share for the current fiscal year.

About SES

SES (OTCMKTS:SGBAF) is a leading global satellite operator headquartered in Betzdorf, Luxembourg. The company provides end-to-end satellite communications services, leveraging a fleet of geostationary satellites under the ASTRA and SES brands, as well as medium-earth orbit satellites through its O3b network. SES serves a diverse range of customers in the broadcast, telecom, maritime, aviation and government sectors, delivering managed video distribution and high-throughput data connectivity solutions worldwide.

The company’s video business enables broadcasters and content distributors to reach television audiences across Europe, North America, Latin America, Asia-Pacific and Africa.