SES (OTCMKTS:SGBAF) Sees Unusually-High Trading Volume – Time to Buy?

Ses S.A. (OTCMKTS:SGBAF) shares saw unusually-strong trading volume on Thursday. 3,800 shares traded hands during mid-day trading, an increase of 50% from the previous session’s volume of 2,525 shares. The stock last traded at $4.68 and had previously closed at $4.94.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Barclays cut SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. Zacks Research raised SES to a “hold” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Sell”.

SES Trading Down 5.3%

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 stock has a market capitalization of $2.61 billion, a P/E ratio of -5.32 and a beta of 0.98. The business’s fifty day simple moving average is $5.98 and its two-hundred day simple moving average is $7.55.

SES (OTCMKTS:SGBAF) last posted its quarterly earnings data on Thursday, July 30th. The company reported ($0.32) earnings per share (EPS) for the quarter. The company 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 earnings per share for the current year.

About SES

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, combining geostationary Earth orbit (GEO) satellites with medium Earth orbit (MEO) satellites to support broadband communications, video distribution and other data-intensive applications.

SES serves broadcasters, telecommunications operators, governments, enterprises and organizations in the aviation and maritime industries.