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

Ses S.A. (OTCMKTS:SGBAF)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $8.95, but opened at $7.81. SES shares last traded at $7.81, with a volume of 200 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently weighed in on SGBAF. Barclays lowered SES from an “equal weight” rating to an “underweight” rating in a research note on Monday, July 6th. New Street Research downgraded SES from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 2nd. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, SES has an average rating of “Sell”.

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 firm’s fifty day moving average is $9.20 and its 200 day moving average is $8.09. The company has a market cap of $4.35 billion, a PE ratio of -17.75 and a beta of 0.99.

SES (OTCMKTS:SGBAF) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.04 earnings per share (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.

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.