SES (OTCMKTS:SGBAF) Shares Gap Down – Here’s What Happened

Ses S.A. (OTCMKTS:SGBAF)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $4.68, but opened at $4.45. SES shares last traded at $4.45, with a volume of 600 shares changing hands.

Wall Street Analysts Forecast Growth

SGBAF has been the subject of several research reports. Barclays lowered shares of SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. Zacks Research upgraded SES to a “hold” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, SES presently has a consensus rating of “Sell”.

SES Stock Performance

The company has a market cap of $2.35 billion, a P/E ratio of -4.80 and a beta of 1.02. The company’s fifty day moving average is $5.56 and its 200 day moving average is $7.43. The company has a current ratio of 1.04, a quick ratio of 0.95 and a debt-to-equity ratio of 2.05.

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 return on equity of 9.43% and a negative net margin of 8.96%. The business had revenue of $877.72 million during the quarter. As a group, equities analysts predict that Ses S.A. will post 0.05 earnings per share for the current fiscal year.

SES Company Profile

SES SA is a Luxembourg-based satellite communications company that provides connectivity and content-delivery services to customers worldwide. The company operates a multi-orbit satellite network, combining geostationary Earth orbit (GEO) satellites with medium Earth orbit (MEO) satellites to support broadband communications, video distribution and other data-intensive applications.

SES serves broadcasters, telecommunications operators, governments, enterprises and organizations in the aviation and maritime industries.