SES (OTCMKTS:SGBAF) Shares Gap Down – Time to Sell?

Ses S.A. (OTCMKTS:SGBAF)’s share 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 traded.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays downgraded shares of 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 research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, SES currently has a consensus rating of “Sell”.

SES Stock Performance

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

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

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, 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.