SES (OTCMKTS:SGBAF) Stock Price Up 21.3% – Time to Buy?

Ses S.A. (OTCMKTS:SGBAF)’s stock price shot up 21.3% during mid-day trading on Wednesday . The stock traded as high as $9.10 and last traded at $9.10. 3,250 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 3,228 shares. The stock had previously closed at $7.50.

Wall Street Analyst Weigh In

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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

SES Stock Up 6.8%

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 quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The firm has a 50 day moving average price of $8.98 and a two-hundred day moving average price of $7.85.

SES (OTCMKTS:SGBAF) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.04 EPS for the quarter. The business 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%.

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.