SES (OTCMKTS:SGBAF) Trading Up 21.3% – Time to Buy?

Ses S.A. (OTCMKTS:SGBAF) shares traded up 21.3% during mid-day trading on Wednesday . The stock traded as high as $9.10 and last traded at $9.10. Approximately 3,250 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 3,228 shares. The stock had previously closed at $7.50.

Analysts Set New Price Targets

Separately, New Street Research cut 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.com, SES presently has an average rating of “Sell”.

SES Price Performance

The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of -20.57 and a beta of 0.99. The stock has a fifty day moving average of $9.04 and a two-hundred day moving average of $7.89. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.80.

SES (OTCMKTS:SGBAF) last announced its earnings results on Tuesday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter. The business 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%.

About SES

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.