SES (OTCMKTS:SGBAF) Sees Strong Trading Volume – Time to Buy?

Ses S.A. (OTCMKTS:SGBAF) saw an uptick in trading volume on Monday . 5,000 shares were traded during mid-day trading, an increase of 64% from the previous session’s volume of 3,040 shares.The stock last traded at $8.15 and had previously closed at $8.00.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. New Street Research downgraded shares of SES from a “neutral” rating to a “sell” rating in a report on Tuesday, June 2nd. Barclays cut SES from an “equal weight” rating to an “underweight” rating in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

SES Stock Down 1.7%

The firm has a market capitalization of $4.46 billion, a PE ratio of -18.20 and a beta of 0.99. The business’s 50 day simple moving average is $9.05 and its 200 day simple moving average is $8.17. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 2.03.

SES (OTCMKTS:SGBAF) last posted its earnings results on Tuesday, May 12th. The company reported $0.04 earnings per share for the quarter. The firm 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%.

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.