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

Ses S.A. (OTCMKTS:SGBAF)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $5.20, but opened at $5.60. SES shares last traded at $5.60, with a volume of 144 shares changing hands.

Wall Street Analysts Forecast Growth

SGBAF has been the topic of several recent analyst reports. New Street Research downgraded SES from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 2nd. Zacks Research raised shares of SES to a “hold” rating in a research report on Wednesday, July 29th. Finally, Barclays cut shares of SES from an “equal weight” rating to an “underweight” rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

SES Stock Performance

The stock has a market capitalization of $3.04 billion, a P/E ratio of -6.20 and a beta of 0.98. The firm has a 50-day moving average of $6.56 and a 200 day moving average of $7.69. The company has a quick ratio of 0.95, a current ratio of 1.04 and a debt-to-equity ratio of 2.05.

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

SES Company Profile

SES SA is a Luxembourg-based satellite communications company that provides connectivity and content distribution services to customers worldwide. The company operates a multi-orbit satellite fleet combining geostationary orbit (GEO) and medium Earth orbit (MEO) systems, enabling it to deliver broadband, video, mobility and data services across a range of markets.

SES serves broadcasters, media companies, telecommunications operators, enterprises, governments and other organizations. Its offerings include television and video distribution, managed connectivity, cloud and networking services, and communications for aviation, maritime and remote locations.