SES (OTCMKTS:SGBAF) Shares Up 6.1% - Here's Why

Key Points

• SES S.A. shares rose by 6.1% to $7.43, despite a significant drop in trading volume, indicating potential investor interest amid market fluctuations.
• Berenberg Bank upgraded SES to a "strong-buy" rating while the overall average rating remains a "Moderate Buy", reflecting growing confidence among analysts.
• The company reported a negative net margin of 2.22% but achieved a positive return on equity of 4.26%, signaling a mixed financial performance.

Ses S.A. (OTCMKTS:SGBAF - Get Free Report)'s stock price was up 6.1% during trading on Tuesday . The stock traded as high as $7.43 and last traded at $7.43. Approximately 711 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 2,573 shares. The stock had previously closed at $7.00.

Analyst Upgrades and Downgrades

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

SES Stock Performance

The company has a market cap of $4.20 billion, a PE ratio of -50.20 and a beta of 0.73. The business's 50-day moving average is $7.07 and its 200 day moving average is $6.35. The company has a debt-to-equity ratio of 1.67, a quick ratio of 2.31 and a current ratio of 2.33.

SES (OTCMKTS:SGBAF - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $532.14 million for the quarter. SES had a negative net margin of 2.22% and a positive return on equity of 4.26%. On average, equities research analysts predict that Ses S.A. will post 0.41 EPS 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.