SES (OTCMKTS:SGBAF) Shares Gap Up – What’s Next?

Ses S.A. (OTCMKTS:SGBAF) gapped up before the market opened on Tuesday . The stock had previously closed at $7.33, but opened at $8.46. SES shares last traded at $8.46, with a volume of 100 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, New Street Research lowered SES from a “neutral” rating to a “sell” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SES has a consensus rating of “Sell”.

SES Stock Performance

The firm’s fifty day simple moving average is $9.01 and its 200 day simple moving average is $7.87. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of -20.57 and a beta of 0.95. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.80.

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

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.