SES (OTCMKTS:SGBAF) Shares Down 13.8% – Should You Sell?

Shares of Ses S.A. (OTCMKTS:SGBAF) dropped 13.8% on Friday . The stock traded as low as $6.52 and last traded at $6.52. Approximately 1,810 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 3,012 shares. The stock had previously closed at $7.5668.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SGBAF. Barclays downgraded SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. New Street Research cut SES from a “neutral” rating to a “sell” rating in a report on Tuesday, June 2nd. Finally, Zacks Research raised SES to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

SES Trading Down 13.8%

The business’s 50 day simple moving average is $8.93 and its 200-day simple moving average is $8.17. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.80. The stock has a market capitalization of $3.63 billion, a P/E ratio of -14.82 and a beta of 0.99.

SES (OTCMKTS:SGBAF) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.32) earnings per share for the quarter. SES had a negative net margin of 4.96% and a positive return on equity of 0.82%. The company had revenue of $877.72 million during the quarter. As a group, analysts forecast that Ses S.A. will post 0.05 EPS for the current year.

About SES

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.