SES (OTCMKTS:SGBAF) Shares Gap Up – Should You Buy?

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 changing hands.

Analysts Set New Price Targets

Several research firms have recently issued reports on SGBAF. Barclays cut SES from an “equal weight” rating to an “underweight” rating in a research note on Monday. New Street Research downgraded shares of SES from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 2nd. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, SES currently has a consensus rating of “Sell”.

SES Trading Up 6.5%

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 stock has a market capitalization of $5.03 billion, a P/E ratio of -20.50 and a beta of 0.99. The firm’s 50-day simple moving average is $9.06 and its 200 day simple moving average is $7.91.

SES (OTCMKTS:SGBAF) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter. SES had a negative net margin of 4.96% and a positive return on equity of 0.82%. The company had revenue of $991.17 million for the quarter.

SES Company Profile

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.