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

Ses S.A. (OTCMKTS:SGBAF) gapped up prior to trading on Wednesday . The stock had previously closed at $9.00, but opened at $9.41. SES shares last traded at $9.42, with a volume of 1,500 shares changing hands.

Wall Street Analyst Weigh In

Separately, New Street Research assumed coverage on shares of SES in a research report on Wednesday, May 13th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

SES Stock Up 7.8%

The company has a market cap of $5.40 billion, a price-to-earnings ratio of -22.05 and a beta of 0.86. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 2.03. The firm’s fifty day simple moving average is $7.64 and its 200 day simple moving average is $7.27.

SES (OTCMKTS:SGBAF) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.04 EPS for the quarter. The company had revenue of $991.17 million for the quarter. SES had a negative net margin of 4.96% and a positive return on equity of 0.82%. Sell-side analysts predict that Ses S.A. will post 0.05 earnings per share for the current year.

SES Company Profile

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.