SES (OTCMKTS:SGBAF) Shares Gap Up – Still a Buy?

Ses S.A. (OTCMKTS:SGBAF)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $5.20, but opened at $5.60. SES shares last traded at $5.60, with a volume of 144 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SGBAF shares. New Street Research downgraded SES from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 2nd. Barclays cut SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. Finally, Zacks Research upgraded SES to a “hold” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, SES has a consensus rating of “Sell”.

SES Price Performance

The company has a current ratio of 1.04, a quick ratio of 0.95 and a debt-to-equity ratio of 2.05. The business’s fifty day moving average is $6.69 and its 200 day moving average is $7.72. The firm has a market capitalization of $3.12 billion, a P/E ratio of -6.36 and a beta of 0.98.

SES (OTCMKTS:SGBAF) last issued its earnings results on Thursday, July 30th. The company reported ($0.32) earnings per share for the quarter. The business 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%. As a group, analysts forecast that Ses S.A. will post 0.05 EPS for the current year.

About SES

SES SA is a Luxembourg-based satellite communications company that provides connectivity and content distribution services to customers worldwide. The company operates a multi-orbit satellite fleet combining geostationary orbit (GEO) and medium Earth orbit (MEO) systems, enabling it to deliver broadband, video, mobility and data services across a range of markets.

SES serves broadcasters, media companies, telecommunications operators, enterprises, governments and other organizations. Its offerings include television and video distribution, managed connectivity, cloud and networking services, and communications for aviation, maritime and remote locations.