SES (OTCMKTS:SGBAF) Stock Jumps 9% – Time to Buy?

Ses S.A. (OTCMKTS:SGBAF)’s stock price rose 9% during trading on Monday. The company traded as high as $4.58 and last traded at $4.58. Approximately 100 shares changed hands during trading, a decline of 97% from the average session volume of 2,939 shares. The stock had previously closed at $4.20.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Oddo Bhf raised shares of SES to an “outperform” rating in a research note on Thursday. Zacks Research raised shares of SES to a “hold” rating in a research note 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 Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, SES currently has a consensus rating of “Reduce”.

SES Stock Down 4.8%

The firm’s 50-day simple moving average is $5.35 and its 200 day simple moving average is $7.35. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.95 and a current ratio of 1.04. The company has a market cap of $2.55 billion, a P/E ratio of -5.20 and a beta of 1.02.

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

SES Company Profile

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.