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

Ses S.A. (OTCMKTS:SGBAF)’s share price gapped up before the market opened on Friday . The stock had previously closed at $9.50, but opened at $9.90. SES shares last traded at $9.90, with a volume of 200 shares traded.

Analyst Ratings Changes

Separately, New Street Research downgraded SES from a “neutral” rating to a “sell” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

SES Stock Up 4.2%

The company has a market cap of $5.52 billion, a price-to-earnings ratio of -22.50 and a beta of 0.95. The stock’s 50-day moving average is $8.48 and its 200-day moving average is $7.55. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 2.03.

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

About SES

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.