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

Ses S.A. (OTCMKTS:SGBAF) shares gapped down before the market opened on Friday . The stock had previously closed at $8.55, but opened at $7.60. SES shares last traded at $7.60, with a volume of 700 shares trading hands.

SES Stock Down 11.1%

The stock’s 50-day moving average price is $6.76 and its two-hundred day moving average price is $7.01. The stock has a market capitalization of $4.23 billion, a PE ratio of -21.71 and a beta of 0.77. The company has a debt-to-equity ratio of 1.67, a quick ratio of 2.31 and a current ratio of 2.33.

SES (OTCMKTS:SGBAF) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.02) earnings per share (EPS) for the quarter. SES had a positive return on equity of 4.97% and a negative net margin of 5.27%.The company had revenue of $898.90 million during the quarter. As a group, analysts expect that Ses S.A. will post 0.41 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.