SES (OTCMKTS:SGBAF) Reaches New 12-Month Low – Here’s What Happened

Ses S.A. (OTCMKTS:SGBAF – Get Free Report) reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $4.94 and last traded at $4.94, with a volume of 100 shares trading hands. The stock had previously closed at $4.97.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SGBAF shares. Zacks Research raised shares of SES to a “hold” rating in a research note on Wednesday, July 29th. Barclays cut SES from an “equal weight” rating to an “underweight” rating in a research 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 company. Based on data from MarketBeat, the company presently has an average rating of “Sell”.

View Our Latest Research Report on SES

SES Price Performance

The stock’s 50-day moving average is $5.91 and its 200 day moving average is $7.53. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.04 and a quick ratio of 0.95. The company has a market cap of $2.59 billion, a PE ratio of -5.28 and a beta of 1.02.

SES (OTCMKTS:SGBAF – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported ($0.32) earnings per share for the quarter. SES had a negative net margin of 8.96% and a negative return on equity of 9.43%. The firm had revenue of $877.72 million during the quarter. On average, equities analysts anticipate that Ses S.A. will post 0.05 earnings per share for the current fiscal year.

About SES

(Get Free Report)

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, combining geostationary Earth orbit (GEO) satellites with medium Earth orbit (MEO) satellites to support broadband communications, video distribution and other data-intensive applications.

SES serves broadcasters, telecommunications operators, governments, enterprises and organizations in the aviation and maritime industries.

Further Reading

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