SES (OTCMKTS:SGBAF) Sees Strong Trading Volume – Here’s What Happened

Ses S.A. (OTCMKTS:SGBAF) 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.

Analyst Ratings Changes

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

SES Trading Up 4.0%

The stock’s fifty day simple moving average is $8.02 and its 200-day simple moving average is $7.37. The firm has a market cap of $6.35 billion, a PE ratio of -25.91 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.

SES (OTCMKTS:SGBAF) last issued its earnings results on Tuesday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter. SES had a negative net margin of 4.96% and a positive return on equity of 0.82%. The firm had revenue of $991.17 million during the quarter. On average, sell-side analysts forecast that Ses S.A. will post 0.05 earnings per share for the current 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.