SES (OTCMKTS:SGBAF) Shares Gap Up – Time to Buy?

Ses S.A. (OTCMKTS:SGBAF)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $7.33, but opened at $8.46. SES shares last traded at $8.46, with a volume of 100 shares traded.

Wall Street Analysts Forecast Growth

Separately, New Street Research downgraded shares of SES from a “neutral” rating to a “sell” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, SES has an average rating of “Sell”.

SES Trading Up 15.4%

The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.80. The company has a market cap of $4.71 billion, a price-to-earnings ratio of -19.23 and a beta of 0.95. The business’s 50-day simple moving average is $8.95 and its 200-day simple moving average is $7.83.

SES (OTCMKTS:SGBAF) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.04 EPS for the quarter. The firm had revenue of $991.17 million during the quarter. SES had a positive return on equity of 0.82% and a negative net margin of 4.96%.

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.