SES (OTCMKTS:SGBAF) Shares Gap Down – What’s Next?

Ses S.A. (OTCMKTS:SGBAF) gapped down prior to trading on Tuesday. The stock had previously closed at $4.84, but opened at $4.5737. SES shares last traded at $4.5771, with a volume of 4,367 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Barclays lowered SES from an “equal weight” rating to an “underweight” rating in a research note on Monday, July 6th. New Street Research raised SES from a “sell” rating to a “neutral” rating in a research report on Monday, October 26th. Zacks Research upgraded SES to a “hold” rating in a report on Wednesday, July 29th. Finally, Oddo Bhf raised shares of SES to an “outperform” rating in a research report on Thursday, October 15th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

SES Stock Performance

The company has a quick ratio of 0.95, a current ratio of 1.04 and a debt-to-equity ratio of 2.05. The company has a 50 day moving average of $5.03 and a 200 day moving average of $7.24. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of -5.25 and a beta of 1.02.

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 that combines geostationary Earth orbit (GEO) satellites with medium Earth orbit (MEO) systems, supporting communications across regions and applications.

SES serves media and telecommunications companies, governments, enterprises, and mobility customers. Its services include television and video distribution, broadband connectivity, network services, cloud and data connectivity, and communications for aircraft, ships, and remote locations.