SES (OTCMKTS:SGBAF) Shares Gap Up – Here’s Why

by · The Markets Daily

Shares of Ses S.A. (OTCMKTS:SGBAF – Get Free Report) gapped up prior to trading on Tuesday. The stock had previously closed at $4.58, but opened at $4.85. SES shares last traded at $4.85, with a volume of 2,000 shares.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Barclays lowered SES from an “equal weight” rating to an “underweight” rating in a research note on Monday, July 6th. Zacks Research raised shares of SES to a “hold” rating in a research report on Wednesday, July 29th. Oddo Bhf upgraded shares of SES to an “outperform” rating in a research note on Thursday, October 15th. Finally, New Street Research upgraded shares of SES from a “sell” rating to a “neutral” rating in a research report on Monday. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Read Our Latest Analysis on SGBAF

SES Stock Performance

The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of -5.51 and a beta of 1.02. The company has a 50 day moving average price of $5.16 and a 200 day moving average price of $7.30. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.95 and a current ratio of 1.04.

SES (OTCMKTS:SGBAF – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.32) earnings per share for the quarter. The firm had revenue of $877.72 million for the quarter. SES had a negative return on equity of 9.43% and a negative net margin of 8.96%. Equities research analysts predict that Ses S.A. will post 0.05 earnings per share for the current fiscal year.

SES Company Profile

(Get Free Report)

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.

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