SES (OTCMKTS:SGBAF) Hits New 52-Week Low – Time to Sell?

Shares of Ses S.A. (OTCMKTS:SGBAF) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $5.1750 and last traded at $5.27, with a volume of 1000 shares. The stock had previously closed at $5.4585.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SGBAF shares. Zacks Research raised SES to a “hold” rating in a report on Wednesday, July 29th. Barclays downgraded shares of SES from an “equal weight” rating to an “underweight” rating in a report on Monday, July 6th. Finally, New Street Research lowered shares of SES from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SES currently has an average rating of “Sell”.

SES Stock Performance

The stock has a market cap of $2.94 billion, a P/E ratio of -5.99 and a beta of 0.98. The firm’s fifty day moving average price is $6.16 and its two-hundred day moving average price is $7.60. 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 issued its quarterly earnings results 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 for the quarter. As a group, equities research analysts forecast that Ses S.A. will post 0.05 EPS for the current year.

About SES

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.