SES (OTCMKTS:SGBAF) Sees Large Volume Increase – Here’s What Happened

Shares of Ses S.A. (OTCMKTS:SGBAF) saw unusually-high trading volume on Wednesday . 4,854 shares were traded during mid-day trading, an increase of 52% from the previous session’s volume of 3,200 shares.The stock last traded at $8.00 and had previously closed at $8.35.

Analyst Ratings Changes

Separately, New Street Research cut SES from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, SES presently has an average rating of “Moderate Buy”.

SES Stock Down 4.2%

The stock has a market cap of $4.46 billion, a P/E ratio of -18.18 and a beta of 0.95. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 2.03. The firm’s fifty day moving average is $8.97 and its 200 day moving average is $7.80.

SES (OTCMKTS:SGBAF) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $991.17 million during the quarter. SES had a negative net margin of 4.96% and a positive return on equity of 0.82%.

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.