SES (OTCMKTS:SGBAF) Shares Gap Up – What’s Next?

Ses S.A. (OTCMKTS:SGBAF) gapped up before the market opened on Tuesday. The stock had previously closed at $4.58, but opened at $4.85. SES shares last traded at $4.85, with a volume of 2,000 shares changing hands.

Analyst Ratings Changes

SGBAF has been the subject of several recent research reports. Barclays downgraded shares of SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. Oddo Bhf raised shares of SES to an “outperform” rating in a research report on Thursday, October 15th. New Street Research upgraded SES from a “sell” rating to a “neutral” rating in a research note on Monday. Finally, Zacks Research raised SES to a “hold” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

SES Price Performance

The firm has a market capitalization of $2.70 billion, a PE ratio of -5.51 and a beta of 1.02. The business has a 50-day moving average of $5.16 and a 200 day moving average of $7.30. The company has a current ratio of 1.04, a quick ratio of 0.95 and a debt-to-equity ratio of 2.05.

SES (OTCMKTS:SGBAF) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($0.32) earnings per share for the quarter. The company had revenue of $877.72 million for the quarter. SES had a negative net margin of 8.96% and a negative return on equity of 9.43%. As a group, research analysts anticipate that Ses S.A. will post 0.05 EPS for the current fiscal 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 that combines geostationary Earth orbit (GEO) satellites with medium Earth orbit (MEO) systems, supporting communications across regions and applications.

SES serves media and telecommunications companies, governments, enterprises, and mobility customers. Its services include television and video distribution, broadband connectivity, network services, cloud and data connectivity, and communications for aircraft, ships, and remote locations.