SES (OTCMKTS:SGBAF) Shares Gap Down – Here’s What Happened

Ses S.A. (OTCMKTS:SGBAF)’s share price gapped down prior to trading 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 changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SGBAF shares. New Street Research downgraded SES from a “neutral” rating to a “sell” rating in a report on Tuesday, June 2nd. Barclays cut SES from an “equal weight” rating to an “underweight” rating in a report on Monday, July 6th. Two analysts have rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

SES Price Performance

The company’s fifty day moving average is $9.00 and its two-hundred day moving average is $8.18. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.80 and a current ratio of 0.87. The firm 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 released its quarterly earnings data on Thursday, July 30th. The company reported ($0.32) EPS for the quarter. SES had a negative net margin of 4.96% and a positive return on equity of 0.82%.

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.