SES (OTCMKTS:SGBAF) Shares Gap Up – Time to Buy?

Ses S.A. (OTCMKTS:SGBAF)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $9.00, but opened at $9.41. SES shares last traded at $9.42, with a volume of 1,500 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, New Street Research began coverage on shares of SES in a research note on Wednesday, May 13th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

SES Trading Up 7.8%

The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.80. The firm has a market capitalization of $5.40 billion, a PE ratio of -22.05 and a beta of 0.86. The business’s 50-day moving average price is $7.64 and its 200-day moving average price is $7.27.

SES (OTCMKTS:SGBAF) last announced its earnings results on Tuesday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $991.17 million for the quarter. SES had a negative net margin of 4.96% and a positive return on equity of 0.82%. As a group, analysts expect that Ses S.A. will post 0.05 earnings per share for the current fiscal year.

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.