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

Ses S.A. (OTCMKTS:SGBAF)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $6.43, but opened at $6.1340. SES shares last traded at $6.1340, with a volume of 250 shares.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SGBAF. Zacks Research raised shares of SES to a “hold” rating in a research report on Wednesday, July 29th. New Street Research downgraded shares of SES from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 2nd. Finally, Barclays lowered shares of SES from an “equal weight” rating to an “underweight” rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Sell”.

SES Stock Performance

The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of -6.97 and a beta of 1.02. The company has a 50 day simple moving average of $7.91 and a 200-day simple moving average of $8.05. The company has a quick ratio of 0.95, a current ratio of 1.04 and a debt-to-equity ratio of 2.05.

SES (OTCMKTS:SGBAF) last announced its quarterly earnings data on Thursday, July 30th. The company reported ($0.32) EPS for the quarter. SES had a negative return on equity of 9.43% and a negative net margin of 8.96%.The company had revenue of $877.72 million for the quarter. As a group, equities research analysts expect that Ses S.A. will post 0.05 EPS for the current fiscal year.

SES Company Profile

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.