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

Ses S.A. (OTCMKTS:SGBAF)’s stock price gapped down prior to trading 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 changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SGBAF. New Street Research downgraded SES from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 2nd. Zacks Research raised SES to a “hold” rating in a research report 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 equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, SES presently has an average rating of “Sell”.

SES Price Performance

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 market cap of $2.77 billion, a PE ratio of -5.65 and a beta of 0.98. The company’s 50 day moving average is $6.16 and its 200-day moving average is $7.60.

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