SES (OTCMKTS:SGBAF) Sets New 52-Week High – Here’s Why

Ses S.A. (OTCMKTS:SGBAF)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $10.86 and last traded at $10.86, with a volume of 6355 shares trading hands. The stock had previously closed at $10.33.

Wall Street Analyst Weigh In

Separately, New Street Research started coverage on SES in a research note on Wednesday, May 13th. They issued a “neutral” rating for the company. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

SES Stock Performance

The company has a market capitalization of $6.05 billion, a PE ratio of -24.68 and a beta of 0.86. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The business has a 50 day simple moving average of $7.94 and a 200 day simple moving average of $7.35.

SES (OTCMKTS:SGBAF) last released its earnings results on Tuesday, May 12th. The company reported $0.04 EPS for the quarter. The firm had revenue of $991.17 million during the quarter. SES had a positive return on equity of 0.82% and a negative net margin of 4.96%. Equities research analysts predict that Ses S.A. will post 0.05 EPS for the current fiscal year.

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.