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

Ses S.A. (OTCMKTS:SGBAF) shares gapped up prior to trading on Thursday. The stock had previously closed at $4.6210, but opened at $5.27. SES shares last traded at $5.27, with a volume of 500 shares traded.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. New Street Research raised shares of SES from a “sell” rating to a “neutral” rating in a research note on Monday, October 26th. Zacks Research raised shares of SES to a “hold” rating in a research note on Wednesday, July 29th. Finally, Oddo Bhf upgraded shares of SES to an “outperform” rating in a report on Thursday, October 15th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

SES Stock Performance

The company has a market cap of $2.94 billion, a price-to-earnings ratio of -7.64 and a beta of 1.02. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.04 and a quick ratio of 0.95. The stock has a 50-day moving average price of $4.90 and a 200 day moving average price of $7.13.

SES (OTCMKTS:SGBAF) last posted its earnings results on Thursday, November 5th. The company reported $0.01 earnings per share (EPS) for the quarter. SES had a negative return on equity of 6.35% and a negative net margin of 6.62%. The business had revenue of $1 billion during the quarter.

About SES

SES is a satellite communications company headquartered in Betzdorf, Luxembourg. It provides connectivity and video distribution services to businesses, governments, broadcasters and other organizations around the world. The company operates satellites in geostationary and medium Earth orbits, including its O3b mPOWER system. Its services support applications such as television and media delivery, broadband connectivity, mobile communications, and network services for aviation, maritime and government customers.