SES (OTCMKTS:SGBAF) Stock Price Down 4.8% – Here’s What Happened

Ses S.A. (OTCMKTS:SGBAF) was down 4.8% during mid-day trading on Friday . The stock traded as low as $5.84 and last traded at $5.84. Approximately 825 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 2,775 shares. The stock had previously closed at $6.1340.

Analysts Set New Price Targets

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

SES Stock Performance

The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.95 and a current ratio of 1.04. The stock has a market cap of $3.15 billion, a PE ratio of -6.43 and a beta of 1.01. The company’s 50 day simple moving average is $7.77 and its 200 day simple moving average is $8.03.

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