SES (OTCMKTS:SGBAF) Sees Large Volume Increase – Still a Buy?

Ses S.A. (OTCMKTS:SGBAF) shares saw unusually-high trading volume on Thursday. 3,800 shares changed hands during mid-day trading, an increase of 50% from the previous session’s volume of 2,525 shares. The stock last traded at $4.68 and had previously closed at $4.94.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SGBAF. Zacks Research upgraded shares of SES to a “hold” rating in a report on Wednesday, July 29th. Barclays cut shares of SES from an “equal weight” rating to an “underweight” rating in a report on Monday, July 6th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

SES Trading Down 5.3%

The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of -5.32 and a beta of 0.98. The company has a current ratio of 1.04, a quick ratio of 0.95 and a debt-to-equity ratio of 2.05. The company has a fifty day moving average of $5.98 and a two-hundred day moving average of $7.55.

SES (OTCMKTS:SGBAF) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($0.32) EPS for the quarter. SES had a negative net margin of 8.96% and a negative return on equity of 9.43%. The company had revenue of $877.72 million for the quarter. On average, research analysts expect that Ses S.A. will post 0.05 EPS for the current year.

About SES

SES SA is a Luxembourg-based satellite communications company that provides connectivity and content-delivery services to customers worldwide. The company operates a multi-orbit satellite network, combining geostationary Earth orbit (GEO) satellites with medium Earth orbit (MEO) satellites to support broadband communications, video distribution and other data-intensive applications.

SES serves broadcasters, telecommunications operators, governments, enterprises and organizations in the aviation and maritime industries.