SES (OTCMKTS:SGBAF) Releases Quarterly Earnings Results

SES (OTCMKTS:SGBAF) issued its earnings results on Thursday. The company reported ($0.32) earnings per share for the quarter, Zacks reports. SES had a positive return on equity of 0.82% and a negative net margin of 4.96%.

SES Trading Down 13.8%

SGBAF traded down $1.05 during trading on Thursday, reaching $6.52. The company had a trading volume of 1,495 shares, compared to its average volume of 3,011. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The business has a 50 day simple moving average of $9.00 and a 200-day simple moving average of $8.18. The stock has a market cap of $3.63 billion, a P/E ratio of -14.82 and a beta of 0.99. SES has a 52 week low of $5.52 and a 52 week high of $11.40.

Analysts Set New Price Targets

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

About SES

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.