SES (OTCMKTS:SGBAF) Sees Strong Trading Volume – Here’s What Happened

Ses S.A. (OTCMKTS:SGBAF) saw strong trading volume on Friday. Approximately 4,762 shares changed hands during mid-day trading, an increase of 77% from the previous session’s volume of 2,692 shares. The stock last traded at $4.30 and had previously closed at $4.68.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Zacks Research upgraded shares of SES to a “hold” rating in a report on Wednesday, July 29th. Barclays lowered SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Sell”.

SES Price 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 business has a fifty day moving average of $5.61 and a 200-day moving average of $7.46. The firm has a market capitalization of $2.40 billion, a P/E ratio of -4.89 and a beta of 1.02.

SES (OTCMKTS:SGBAF) last announced its earnings results on Thursday, July 30th. The company reported ($0.32) earnings per share (EPS) for the quarter. The company had revenue of $877.72 million during the quarter. SES had a negative net margin of 8.96% and a negative return on equity of 9.43%. On average, sell-side analysts forecast that Ses S.A. will post 0.05 EPS 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, combining geostationary Earth orbit (GEO) satellites with medium Earth orbit (MEO) satellites to support broadband communications, video distribution and other data-intensive applications.

SES serves broadcasters, telecommunications operators, governments, enterprises and organizations in the aviation and maritime industries.