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

Ses S.A. (OTCMKTS:SGBAF)’s share price gapped down prior to trading on Monday . The stock had previously closed at $8.70, but opened at $8.2168. SES shares last traded at $8.00, with a volume of 6,268 shares changing hands.

Wall Street Analyst Weigh In

Separately, New Street Research lowered SES from a “neutral” rating to a “sell” rating in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, SES currently has an average rating of “Moderate Buy”.

SES Stock Performance

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 market capitalization of $4.55 billion, a PE ratio of -18.55 and a beta of 0.95. The firm’s 50-day simple moving average is $8.94 and its 200-day simple moving average is $7.78.

SES (OTCMKTS:SGBAF) last issued its earnings results on Tuesday, May 12th. The company reported $0.04 EPS for the quarter. SES had a negative net margin of 4.96% and a positive return on equity of 0.82%. The business had revenue of $991.17 million for the quarter.

About SES

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.