SES (OTCMKTS:SGBAF) Shares Gap Up – Should You Buy?

Ses S.A. (OTCMKTS:SGBAF) 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 trading hands.

Analysts Set New Price Targets

Separately, New Street Research lowered shares of SES from a “neutral” rating to a “sell” rating in a research note 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. According to data from MarketBeat.com, SES presently has a consensus rating of “Moderate Buy”.

SES Stock Performance

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 company has a market cap of $4.97 billion, a PE ratio of -20.27 and a beta of 0.95. The business’s fifty day moving average is $8.86 and its 200-day moving average is $7.73.

SES (OTCMKTS:SGBAF) last posted its quarterly earnings data 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 company had revenue of $991.17 million for 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.