SES (OTCMKTS:SGBAF) Shares Gap Down – Time to Sell?

Ses S.A. (OTCMKTS:SGBAF) shares gapped down before the market opened on Monday . The stock had previously closed at $8.70, but opened at $8.2168. SES shares last traded at $8.00, with a volume of 6,268 shares changing hands.

Analysts Set New Price Targets

Separately, New Street Research lowered shares of SES from a “neutral” rating to a “sell” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

SES Price Performance

The company has a 50-day moving average of $8.97 and a 200 day moving average of $7.80. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The stock has a market capitalization of $4.10 billion, a PE ratio of -16.70 and a beta of 0.95.

SES (OTCMKTS:SGBAF) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.04 earnings per share for the quarter. SES had a positive return on equity of 0.82% and a negative net margin of 4.96%.The company had revenue of $991.17 million for the quarter.

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.