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

Ses S.A. (OTCMKTS:SGBAF) gapped up prior to trading 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 trading hands.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barclays cut SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. New Street Research raised shares of SES from a “sell” rating to a “neutral” rating in a report on Monday. Oddo Bhf upgraded shares of SES to an “outperform” rating in a research note on Thursday, October 15th. Finally, Zacks Research upgraded shares of SES to a “hold” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, SES currently has an average rating of “Hold”.

SES Stock Performance

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 firm has a 50 day moving average price of $5.10 and a two-hundred day moving average price of $7.28. The company has a market capitalization of $2.69 billion, a P/E ratio of -5.48 and a beta of 0.98.

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