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

Ses S.A. (OTCMKTS:SGBAF)’s share price gapped up prior to trading on Thursday. The stock had previously closed at $4.6210, but opened at $5.27. SES shares last traded at $5.27, with a volume of 500 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently commented on SGBAF shares. Oddo Bhf upgraded SES to an “outperform” rating in a report on Thursday, October 15th. Zacks Research upgraded SES to a “hold” rating in a report on Wednesday, July 29th. Finally, New Street Research raised SES from a “sell” rating to a “neutral” rating in a research report on Monday, October 26th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

SES Stock Up 14.0%

The firm’s 50-day simple moving average is $4.90 and its 200 day simple moving average is $7.13. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.95 and a current ratio of 1.04. The stock has a market capitalization of $2.94 billion, a P/E ratio of -7.64 and a beta of 1.02.

SES (OTCMKTS:SGBAF) last released its earnings results on Thursday, November 5th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $1 billion for the quarter. SES had a negative return on equity of 6.35% and a negative net margin of 6.62%.

About SES

SES is a satellite communications company headquartered in Betzdorf, Luxembourg. It provides connectivity and video distribution services to businesses, governments, broadcasters and other organizations around the world. The company operates satellites in geostationary and medium Earth orbits, including its O3b mPOWER system. Its services support applications such as television and media delivery, broadband connectivity, mobile communications, and network services for aviation, maritime and government customers.