SES (OTCMKTS:SGBAF) Reaches New 52-Week High – Here’s Why

Ses S.A. (OTCMKTS:SGBAF) shares reached a new 52-week high on Thursday . The company traded as high as $9.70 and last traded at $9.70, with a volume of 2950 shares. The stock had previously closed at $9.00.

Analyst Ratings Changes

Separately, New Street Research started coverage on shares of SES in a research note on Wednesday, May 13th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, SES presently has an average rating of “Buy”.

SES Price Performance

The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.80. The stock has a market cap of $5.76 billion, a P/E ratio of -23.48 and a beta of 0.86. The company’s 50 day simple moving average is $7.81 and its 200 day simple moving average is $7.31.

SES (OTCMKTS:SGBAF) last issued its 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 firm had revenue of $991.17 million during the quarter. As a group, equities analysts forecast that Ses S.A. will post 0.05 earnings per share for the current year.

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.