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

Ses S.A. (OTCMKTS:SGBAF – Get Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $6.1340, but opened at $5.81. SES shares last traded at $5.5926, with a volume of 1,300 shares trading hands.

Wall Street Analysts Forecast Growth

SGBAF has been the subject of a number of research reports. Zacks Research raised SES to a “hold” rating in a research report on Wednesday, July 29th. Barclays downgraded SES from an “equal weight” rating to an “underweight” rating in a report on Monday, July 6th. Finally, New Street Research cut shares of 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 Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Sell”.

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SES Stock Performance

The company has a market cap of $3.12 billion, a PE ratio of -6.36 and a beta of 1.01. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.95 and a current ratio of 1.04. The firm’s 50 day moving average is $7.50 and its 200-day moving average is $7.95.

SES (OTCMKTS:SGBAF – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported ($0.32) earnings per share for the quarter. The company had revenue of $877.72 million for the quarter. SES had a negative return on equity of 9.43% and a negative net margin of 8.96%. On average, research analysts anticipate that Ses S.A. will post 0.05 earnings per share for the current fiscal year.

SES Company Profile

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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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