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

Shares of Ses S.A. (OTCMKTS:SGBAF) saw unusually-strong trading volume on Friday. Approximately 4,762 shares traded hands during mid-day trading, an increase of 77% from the previous session’s volume of 2,692 shares. The stock last traded at $4.30 and had previously closed at $4.68.

Wall Street Analysts Forecast Growth

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

SES Stock Down 2.1%

The business’s 50 day simple moving average is $5.61 and its 200 day simple moving average is $7.46. The company has a market capitalization of $2.40 billion, a PE ratio of -4.89 and a beta of 1.02. The company has a quick ratio of 0.95, a current ratio of 1.04 and a debt-to-equity ratio of 2.05.

SES (OTCMKTS:SGBAF) last issued its quarterly earnings results on Thursday, July 30th. The company reported ($0.32) EPS for the quarter. SES had a negative net margin of 8.96% and a negative return on equity of 9.43%. The firm had revenue of $877.72 million during the quarter. 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-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.