SES (OTCMKTS:SGBAF) Shares Gap Down – Time to Sell?
by Doug Wharley · The Cerbat GemShares of Ses S.A. (OTCMKTS:SGBAF – Get Free Report) gapped down before the market opened on Monday. The stock had previously closed at $5.4585, but opened at $5.10. SES shares last traded at $5.00, with a volume of 510 shares traded.
Wall Street Analyst Weigh In
Several analysts recently issued reports on SGBAF shares. New Street Research cut shares of SES from a “neutral” rating to a “sell” rating in a report on Tuesday, June 2nd. Barclays lowered shares of SES from an “equal weight” rating to an “underweight” rating in a report on Monday, July 6th. Finally, Zacks Research upgraded shares of SES to a “hold” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Sell”.
View Our Latest Stock Report on SGBAF
SES Stock Down 5.7%
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 firm has a market capitalization of $2.77 billion, a P/E ratio of -5.65 and a beta of 0.98. The stock has a fifty day moving average price of $6.16 and a two-hundred day moving average price of $7.60.
SES (OTCMKTS:SGBAF – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported ($0.32) earnings per share (EPS) for the quarter. The firm had revenue of $877.72 million for the quarter. SES had a negative return on equity of 9.43% and a negative net margin of 8.96%. Research analysts forecast that Ses S.A. will post 0.05 EPS for the current year.
SES Company Profile
SES SA is a Luxembourg-based satellite communications company that provides connectivity and content distribution services to customers worldwide. The company operates a multi-orbit satellite fleet combining geostationary orbit (GEO) and medium Earth orbit (MEO) systems, enabling it to deliver broadband, video, mobility and data services across a range of markets.
SES serves broadcasters, media companies, telecommunications operators, enterprises, governments and other organizations. Its offerings include television and video distribution, managed connectivity, cloud and networking services, and communications for aviation, maritime and remote locations.