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

Ses S.A. (OTCMKTS:SGBAF)’s share price gapped down before the market opened on Friday . The stock had previously closed at $9.82, but opened at $9.06. SES shares last traded at $9.06, with a volume of 2,500 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, New Street Research downgraded shares of SES from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

SES Price 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 business’s fifty day moving average is $8.80 and its 200 day moving average is $7.69. The firm has a market capitalization of $5.05 billion, a P/E ratio of -20.59 and a beta of 0.95.

SES (OTCMKTS:SGBAF) last released 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.

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.