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

Ses S.A. (OTCMKTS:SGBAF – Get Free Report)’s stock 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Barclays lowered SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. Zacks Research raised shares of SES to a “hold” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, SES has an average rating of “Sell”.

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SES Stock Down 6.2%

The company has a current ratio of 1.04, a quick ratio of 0.95 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $2.45 billion, a PE ratio of -4.99 and a beta of 1.02. The stock’s fifty day moving average is $5.65 and its two-hundred day moving average is $7.47.

SES (OTCMKTS:SGBAF – Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $877.72 million during the quarter. As a group, analysts predict that Ses S.A. will post 0.05 EPS for the current year.

SES Company Profile

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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.

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