SES (OTCMKTS:SGBAF) Sets New 12-Month Low – Here’s What Happened

Shares of Ses S.A. (OTCMKTS:SGBAF) hit a new 52-week low on Friday . The company traded as low as $5.20 and last traded at $5.20, with a volume of 133 shares trading hands. The stock had previously closed at $5.3635.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SGBAF. Barclays lowered SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. Zacks Research raised shares of SES to a “hold” rating in a report on Wednesday, July 29th. Finally, New Street Research lowered shares of SES from a “neutral” rating to a “sell” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

SES Stock Down 3.0%

The stock has a market cap of $2.90 billion, a PE ratio of -5.91 and a beta of 0.98. The business has a 50 day moving average price of $6.93 and a 200 day moving average price of $7.77. The company has a quick ratio of 0.95, a current ratio of 1.04 and a debt-to-equity ratio of 2.05.

SES (OTCMKTS:SGBAF) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($0.32) earnings per share for the quarter. SES had a negative net margin of 8.96% and a negative return on equity of 9.43%. The company had revenue of $877.72 million for the quarter. Equities research analysts expect that Ses S.A. will post 0.05 EPS for the current fiscal 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.