SES (OTCMKTS:SGBAF) Sets New 52-Week High – Here’s Why

Ses S.A. (OTCMKTS:SGBAF) hit a new 52-week high on Wednesday . The company traded as high as $10.86 and last traded at $10.86, with a volume of 6355 shares traded. The stock had previously closed at $10.33.

Wall Street Analysts Forecast Growth

Separately, New Street Research initiated coverage on SES in a research note on Wednesday, May 13th. They set a “neutral” rating for the company. One equities research 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 currently has a consensus rating of “Buy”.

SES Stock Up 5.1%

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 capitalization of $6.05 billion, a PE ratio of -24.68 and a beta of 0.86. The business has a 50 day moving average of $7.94 and a two-hundred day moving average of $7.35.

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

About SES

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.