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

Ses S.A. (OTCMKTS:SGBAF) shares saw unusually-strong trading volume on Thursday . Approximately 7,800 shares were traded during mid-day trading, an increase of 137% from the previous session’s volume of 3,291 shares.The stock last traded at $11.3150 and had previously closed at $10.86.

Analysts Set New Price Targets

Separately, New Street Research started coverage on SES in a research note on Wednesday, May 13th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

SES Stock Performance

The company has a market cap of $6.12 billion, a price-to-earnings ratio of -24.95 and a beta of 0.86. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.80. The stock has a 50-day moving average price of $8.20 and a 200 day moving average price of $7.42.

SES (OTCMKTS:SGBAF) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.04 EPS for the quarter. The company had revenue of $991.17 million for the quarter. SES had a positive return on equity of 0.82% and a negative net margin of 4.96%. As a group, analysts anticipate that Ses S.A. will post 0.05 EPS for the current fiscal year.

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.