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

Shares of Ses S.A. (OTCMKTS:SGBAF) gapped down before the market opened on Tuesday . The stock had previously closed at $6.1340, but opened at $5.81. SES shares last traded at $5.5926, with a volume of 1,300 shares.

Analyst Ratings Changes

A number of brokerages recently weighed in on SGBAF. Zacks Research raised SES to a “hold” rating in a report on Wednesday, July 29th. New Street Research lowered shares of SES from a “neutral” rating to a “sell” rating in a report on Tuesday, June 2nd. Finally, Barclays lowered shares of SES from an “equal weight” rating to an “underweight” rating in a report on Monday, July 6th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Sell”.

SES Stock Down 1.1%

The company has a current ratio of 1.04, a quick ratio of 0.95 and a debt-to-equity ratio of 2.05. The stock has a 50 day simple moving average of $7.62 and a 200 day simple moving average of $7.99. The firm has a market capitalization of $3.12 billion, a PE ratio of -6.36 and a beta of 1.02.

SES (OTCMKTS:SGBAF) last issued its earnings results on Thursday, July 30th. The company reported ($0.32) earnings per share (EPS) for the quarter. SES had a negative return on equity of 9.43% and a negative net margin of 8.96%.The firm had revenue of $877.72 million during the quarter. As a group, sell-side analysts forecast 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.