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

Ses S.A. (OTCMKTS:SGBAF) gapped up prior to trading on Monday . The stock had previously closed at $8.47, but opened at $9.02. SES shares last traded at $9.02, with a volume of 500 shares traded.

Analyst Ratings Changes

SGBAF has been the topic of a number of recent analyst reports. New Street Research lowered SES from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 2nd. Barclays cut SES from an “equal weight” rating to an “underweight” rating in a research note on Monday. Two analysts have rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

SES Trading Up 6.5%

The company has a market cap of $5.03 billion, a PE ratio of -20.50 and a beta of 0.99. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.80 and a current ratio of 0.87. The company has a 50 day simple moving average of $9.06 and a two-hundred day simple moving average of $7.91.

SES (OTCMKTS:SGBAF) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.04 EPS for the quarter. SES had a negative net margin of 4.96% and a positive return on equity of 0.82%. The business had revenue of $991.17 million during the quarter.

SES Company Profile

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.