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

Ses S.A. (OTCMKTS:SGBAF) shares gapped up before the market opened on Wednesday . The stock had previously closed at $8.40, but opened at $8.92. SES shares last traded at $8.92, with a volume of 150 shares traded.

Analyst Ratings Changes

Separately, New Street Research downgraded SES from a “neutral” rating to a “sell” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

SES Price Performance

The company has a 50-day moving average of $8.92 and a 200-day moving average of $7.76. 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 stock has a market cap of $4.68 billion, a price-to-earnings ratio of -19.09 and a beta of 0.95.

SES (OTCMKTS:SGBAF) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.04 earnings per share 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.

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.