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

Ses S.A. (OTCMKTS:SGBAF – Get Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $8.95, but opened at $7.81. SES shares last traded at $7.81, with a volume of 200 shares.

Wall Street Analysts Forecast Growth

SGBAF has been the topic of several recent research reports. Barclays lowered shares of SES from an “equal weight” rating to an “underweight” rating in a report on Monday, July 6th. New Street Research lowered SES from a “neutral” rating to a “sell” rating in a research note on Tuesday, June 2nd. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

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SES Trading Down 8.1%

The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 2.03. The company has a 50-day simple moving average of $9.20 and a 200 day simple moving average of $8.09. The firm has a market cap of $4.35 billion, a PE ratio of -17.75 and a beta of 0.99.

SES (OTCMKTS:SGBAF – Get Free Report) last posted its earnings results on Tuesday, May 12th. The company reported $0.04 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 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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