SES (OTCMKTS:SGBAF) Shares Gap Up - What's Next?

Key Points

• SES S.A. shares opened at $7.22 after closing at $6.75, suggesting a positive market reaction prior to trading on Friday.
• Analysts have upgraded SES, with Berenberg Bank giving it a "strong-buy" rating, while the consensus rating is currently a "Moderate Buy."
• The company reported $0.10 EPS and revenue of $532.14 million for the last quarter, reflecting a positive return on equity of 4.26%.

Ses S.A. (OTCMKTS:SGBAF - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $6.75, but opened at $7.22. SES shares last traded at $7.22, with a volume of 200 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Berenberg Bank raised SES to a "strong-buy" rating in a report on Thursday, June 26th. New Street Research upgraded shares of SES to a "hold" rating in a research report on Monday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

SES Price Performance

The company's 50 day simple moving average is $7.08 and its two-hundred day simple moving average is $6.39. The company has a debt-to-equity ratio of 1.67, a current ratio of 2.33 and a quick ratio of 2.31. The stock has a market capitalization of $4.02 billion, a P/E ratio of -48.13 and a beta of 0.73.

SES (OTCMKTS:SGBAF - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.10 EPS for the quarter. The business had revenue of $532.14 million during the quarter. SES had a positive return on equity of 4.26% and a negative net margin of 2.22%. As a group, equities analysts expect that Ses S.A. will post 0.41 EPS for the current fiscal year.

About SES

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.

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