SES (OTCMKTS:SGBAF) Sees Unusually-High Trading Volume - Here's Why

SES S.A. (OTCMKTS:SGBAF - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 43,526 shares traded hands during mid-day trading, an increase of 1,705% from the previous session's volume of 2,411 shares.The stock last traded at $7.00 and had previously closed at $6.81.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SGBAF shares. Berenberg Bank upgraded shares of SES to a "strong-buy" rating in a research note on Thursday. New Street Research upgraded shares of SES to a "hold" rating in a research note on Monday, June 9th.

SES Stock Up 2.1%

The company has a current ratio of 2.83, a quick ratio of 2.79 and a debt-to-equity ratio of 1.22. The firm has a market cap of $3.98 billion, a P/E ratio of -71.50 and a beta of 0.65. The company's 50 day simple moving average is $5.86 and its 200-day simple moving average is $4.88.

SES (OTCMKTS:SGBAF - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter. SES had a negative net margin of 1.45% and a positive return on equity of 3.78%. The business had revenue of $535.45 million for the quarter. Research analysts forecast that SES S.A. will post 0.41 earnings per share for the current fiscal year.

SES Company Profile

SES SA provides satellite-based data transmission capacity and ancillary services worldwide. The company offers content connectivity solutions, including network spanning satellite and ground infrastructure to create, deliver, and manage video and data solutions. It also provides data connectivity services through its fleet of geostationary earth orbit and medium earth orbit satellites to the aviation, cloud, cruise, energy, government, maritime, and telco and mobile network operator industries.