SES (OTCMKTS:SGBAF) Sees Unusually-High Trading Volume – Here’s What Happened

Ses S.A. (OTCMKTS:SGBAF – Get Free Report) shares saw an uptick in trading volume on Tuesday . 1,635 shares changed hands during mid-day trading, a decline of 48% from the previous session’s volume of 3,123 shares.The stock last traded at $9.12 and had previously closed at $9.06.

Analyst Ratings Changes

Separately, New Street Research downgraded SES from a “neutral” rating to a “sell” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

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View Our Latest Stock Analysis on SGBAF

SES Trading Down 9.1%

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 company has a fifty day moving average of $8.84 and a two-hundred day moving average of $7.71. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of -19.20 and a beta of 0.95.

SES (OTCMKTS:SGBAF – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.04 earnings per share for the quarter. SES had a positive return on equity of 0.82% and a negative net margin of 4.96%.The firm had revenue of $991.17 million during the quarter.

About SES

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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.

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