SES (OTCMKTS:SGBAF) Shares Gap Up – Should You Buy?

Shares of Ses S.A. (OTCMKTS:SGBAF) gapped up prior to trading on Tuesday . The stock had previously closed at $8.33, but opened at $8.9044. SES shares last traded at $8.9044, with a volume of 100 shares.

Analyst Ratings Changes

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

SES Price Performance

The firm has a market capitalization of $5.07 billion, a P/E ratio of -20.68 and a beta of 0.86. The business has a fifty day moving average of $7.53 and a 200-day moving average of $7.24. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.80 and a current ratio of 0.87.

SES (OTCMKTS:SGBAF) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter. SES had a positive return on equity of 0.62% and a negative net margin of 4.96%.The business had revenue of $991.17 million during the quarter. On average, sell-side analysts forecast that Ses S.A. will post 0.05 EPS for the current fiscal 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.