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

Ses S.A. (OTCMKTS:SGBAF)’s share price gapped up before the market opened on Friday. The stock had previously closed at $4.65, but opened at $4.9350. SES shares last traded at $4.84, with a volume of 1,400 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SGBAF. Barclays downgraded SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. Zacks Research upgraded SES to a “hold” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, SES currently has a consensus rating of “Sell”.

SES Trading Up 4.1%

The company has a market cap of $2.70 billion, a P/E ratio of -5.50 and a beta of 1.02. The business’s 50-day moving average price is $5.91 and its 200 day moving average price is $7.53. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.95 and a current ratio of 1.04.

SES (OTCMKTS:SGBAF) last issued its 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 firm had revenue of $877.72 million during the quarter. As a group, analysts expect that Ses S.A. will post 0.05 earnings per share 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.