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

Ses S.A. (OTCMKTS:SGBAF) gapped down before the market opened 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 trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. New Street Research lowered shares of SES from a “neutral” rating to a “sell” rating in a report on Tuesday, June 2nd. Zacks Research upgraded SES to a “hold” rating in a report on Wednesday, July 29th. Finally, Barclays cut SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Sell”.

SES Trading Down 4.8%

The firm has a market capitalization of $3.25 billion, a PE ratio of -6.64 and a beta of 1.01. The company has a quick ratio of 0.95, a current ratio of 1.04 and a debt-to-equity ratio of 2.05. The company’s 50-day simple moving average is $7.77 and its 200 day simple moving average is $8.03.

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

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.