SES (OTCMKTS:SGBAF) Shares Gap Up – Time to Buy?

Ses S.A. (OTCMKTS:SGBAF)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $8.16, but opened at $8.4190. SES shares last traded at $8.46, with a volume of 1,700 shares changing hands.

Analyst Upgrades and Downgrades

Separately, New Street Research cut shares of SES from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

SES Stock Performance

The stock has a market capitalization of $4.71 billion, a P/E ratio of -19.23 and a beta of 0.95. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.80 and a current ratio of 0.87. The company’s fifty day simple moving average is $8.95 and its two-hundred day simple moving average is $7.79.

SES (OTCMKTS:SGBAF) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter. SES had a positive return on equity of 0.82% and a negative net margin of 4.96%.The company had revenue of $991.17 million during the quarter.

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.