SES (OTCMKTS:SGBAF) Shares Gap Up – Here’s Why

Ses S.A. (OTCMKTS:SGBAF)’s share price gapped up before the market opened on Monday . The stock had previously closed at $8.47, but opened at $9.02. SES shares last traded at $9.02, with a volume of 500 shares.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SGBAF. New Street Research cut shares of SES from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 2nd. Barclays cut shares of SES from an “equal weight” rating to an “underweight” rating in a research note on Monday. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

SES Stock Performance

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 stock has a market cap of $5.17 billion, a P/E ratio of -21.08 and a beta of 0.99. The stock has a 50-day simple moving average of $9.12 and a 200-day simple moving average of $7.96.

SES (OTCMKTS:SGBAF) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.04 earnings per share for the quarter. The company 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%.

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.