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

Ses S.A. (OTCMKTS:SGBAF)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $6.1340, but opened at $5.81. SES shares last traded at $5.5926, with a volume of 1,300 shares changing hands.

Analyst Ratings Changes

Several research firms have weighed in on SGBAF. Barclays cut SES from an “equal weight” rating to an “underweight” rating in a report on Monday, July 6th. New Street Research cut SES from a “neutral” rating to a “sell” rating in a research note on Tuesday, June 2nd. Finally, Zacks Research upgraded SES to a “hold” rating in a report on Wednesday, July 29th. 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 data from MarketBeat.com, the company has an average rating of “Sell”.

SES Price Performance

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 firm’s 50-day moving average is $7.62 and its 200-day moving average is $7.99. The company has a market cap of $3.12 billion, a PE ratio of -6.36 and a beta of 1.02.

SES (OTCMKTS:SGBAF) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($0.32) EPS for the quarter. The company 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%. On average, equities analysts anticipate 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.