SES (OTCMKTS:SGBAF) Shares Down 3.4% – Time to Sell?

Ses S.A. (OTCMKTS:SGBAF)’s stock price dropped 3.4% during trading on Tuesday. The stock traded as low as $4.6450 and last traded at $4.6450. 2,000 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 2,913 shares. The stock had previously closed at $4.81.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Oddo Bhf raised SES to an “outperform” rating in a research report on Thursday, October 15th. Zacks Research upgraded SES to a “hold” rating in a research note on Wednesday, July 29th. Finally, Barclays cut SES from an “equal weight” rating to an “underweight” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

SES Stock Performance

The company has a 50-day simple moving average of $5.24 and a 200 day simple moving average of $7.30. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.04 and a quick ratio of 0.95.

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

About SES

SES SA is a Luxembourg-based satellite communications company that provides connectivity and content-delivery services to customers worldwide. The company operates a multi-orbit satellite network that combines geostationary Earth orbit (GEO) satellites with medium Earth orbit (MEO) systems, supporting communications across regions and applications.

SES serves media and telecommunications companies, governments, enterprises, and mobility customers. Its services include television and video distribution, broadband connectivity, network services, cloud and data connectivity, and communications for aircraft, ships, and remote locations.