SES (OTCMKTS:SGBAF) Sees Large Volume Increase - What's Next?

Key Points

• SES S.A. shares experienced a 581% increase in trading volume, with 19,620 shares traded on a recent Monday, up from 2,879 shares the previous session.
• The stock was upgraded to a "strong-buy" rating by Berenberg Bank and a "hold" rating by New Street Research, indicating a positive outlook from analysts.
• SES reported earnings of $0.10 per share for the last quarter, with revenue of $532.14 million, despite a negative net margin of 2.22%.

Shares of Ses S.A. (OTCMKTS:SGBAF - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 19,620 shares were traded during mid-day trading, an increase of 581% from the previous session's volume of 2,879 shares.The stock last traded at $7.07 and had previously closed at $6.80.

Analyst Ratings Changes

A number of research firms have issued reports on SGBAF. New Street Research upgraded SES to a "hold" rating in a research report on Monday, June 9th. Berenberg Bank upgraded SES to a "strong-buy" rating in a report on Thursday, June 26th.

SES Stock Up 5.9%

The company has a current ratio of 2.33, a quick ratio of 2.31 and a debt-to-equity ratio of 1.67. The stock has a 50 day simple moving average of $6.86 and a 200 day simple moving average of $5.67. The firm has a market capitalization of $4.09 billion, a PE ratio of -48.93 and a beta of 0.71.

SES (OTCMKTS:SGBAF - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter. SES had a positive return on equity of 4.26% and a negative net margin of 2.22%. The firm had revenue of $532.14 million for the quarter. As a group, sell-side analysts forecast that Ses S.A. will post 0.41 earnings per share for the current 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.