SES (OTCMKTS:SGBAF) Shares Gap Down – Should You Sell?

Ses S.A. (OTCMKTS:SGBAF) gapped down before the market opened on Thursday . The stock had previously closed at $8.01, but opened at $6.61. SES shares last traded at $6.61, with a volume of 345 shares traded.

Analysts Set New Price Targets

SGBAF has been the subject of several analyst reports. New Street Research downgraded SES from a “neutral” rating to a “sell” rating in a report on Tuesday, June 2nd. Barclays lowered SES from an “equal weight” rating to an “underweight” rating in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

SES Stock Performance

The stock’s 50 day moving average price is $9.00 and its 200 day moving average price is $8.18. 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 company has a market cap of $3.63 billion, a price-to-earnings ratio of -14.82 and a beta of 0.99.

SES (OTCMKTS:SGBAF) last announced its quarterly earnings data on Thursday, July 30th. The company reported ($0.32) earnings per share for the quarter. SES had a positive return on equity of 0.82% and a negative net margin of 4.96%.

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.