SES (OTCMKTS:SGBAF) Shares Gap Up – Still a Buy?

Ses S.A. (OTCMKTS:SGBAF)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $6.1581, but opened at $6.49. SES shares last traded at $6.49, with a volume of 210 shares.

Wall Street Analyst Weigh In

SGBAF has been the topic of several recent research reports. Zacks Research raised SES to a “hold” rating in a report on Wednesday, July 29th. Barclays cut SES from an “equal weight” rating to an “underweight” rating in a report on Monday, July 6th. Finally, New Street Research downgraded SES from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

SES Stock Up 5.4%

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 stock has a market capitalization of $3.62 billion, a P/E ratio of -7.38 and a beta of 1.01. The stock’s fifty day simple moving average is $8.32 and its two-hundred day simple moving average is $8.12.

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

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.