SES (OTCMKTS:SGBAF) Shares Gap Down – What’s Next?

Ses S.A. (OTCMKTS:SGBAF)’s share price gapped down prior to trading on Wednesday. The stock had previously closed at $4.85, but opened at $4.5218. SES shares last traded at $4.5218, with a volume of 4,284 shares.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. New Street Research upgraded shares of SES from a “sell” rating to a “neutral” rating in a report on Monday. Barclays downgraded shares of SES from an “equal weight” rating to an “underweight” rating in a research note on Monday, July 6th. Oddo Bhf upgraded shares of SES to an “outperform” rating in a report on Thursday, October 15th. Finally, Zacks Research raised SES to a “hold” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

SES Price Performance

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 cap of $2.69 billion, a price-to-earnings ratio of -5.48 and a beta of 1.02. The stock has a 50-day simple moving average of $5.07 and a 200-day simple moving average of $7.27.

SES (OTCMKTS:SGBAF) last released its quarterly earnings results on Thursday, July 30th. The company reported ($0.32) earnings per share (EPS) for the quarter. The company had revenue of $877.72 million for the quarter. SES had a negative return on equity of 9.43% and a negative net margin of 8.96%. As a group, analysts predict that Ses S.A. will post 0.05 EPS 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 that combines geostationary Earth orbit (GEO) satellites with medium Earth orbit (MEO) systems, supporting communications across regions and applications.

SES serves media and telecommunications companies, governments, enterprises, and mobility customers. Its services include television and video distribution, broadband connectivity, network services, cloud and data connectivity, and communications for aircraft, ships, and remote locations.