SES (OTCMKTS:SGBAF) Stock Jumps 9% – What’s Next?

Shares of Ses S.A. (OTCMKTS:SGBAF) rose 9% during trading on Monday. The company traded as high as $4.58 and last traded at $4.58. 100 shares changed hands during trading, a decline of 97% from the average session volume of 2,939 shares. The stock had previously closed at $4.20.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SGBAF shares. Zacks Research raised SES to a “hold” rating in a research report on Wednesday, July 29th. Barclays lowered shares of SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. Finally, Oddo Bhf raised shares of SES to an “outperform” rating in a research report on Thursday, October 15th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, SES currently has a consensus rating of “Reduce”.

SES Stock Performance

The company has a quick ratio of 0.95, a current ratio of 1.04 and a debt-to-equity ratio of 2.05. The company’s fifty day simple moving average is $5.28 and its 200-day simple moving average is $7.32.

SES (OTCMKTS:SGBAF) last released its quarterly earnings data on Thursday, July 30th. The company reported ($0.32) EPS for the quarter. SES had a negative return on equity of 9.43% and a negative net margin of 8.96%. The business had revenue of $877.72 million for the quarter. Analysts expect that Ses S.A. will post 0.05 EPS for the current fiscal year.

SES Company Profile

SES SA is a Luxembourg-based satellite communications company that provides connectivity and content-delivery services to customers worldwide. The company operates a multi-orbit satellite network that combines geostationary Earth orbit (GEO) satellites with medium Earth orbit (MEO) systems, supporting communications across regions and applications.

SES serves media and telecommunications companies, governments, enterprises, and mobility customers. Its services include television and video distribution, broadband connectivity, network services, cloud and data connectivity, and communications for aircraft, ships, and remote locations.