SES (OTCMKTS:SGBAF) Shares Down 7.8% – Here’s Why

Ses S.A. (OTCMKTS:SGBAF)’s share price was down 7.8% on Friday . The company traded as low as $5.52 and last traded at $5.52. Approximately 300 shares were traded during trading, a decline of 89% from the average daily volume of 2,654 shares. The stock had previously closed at $5.99.

SES Trading Down 7.8%

The business has a 50 day simple moving average of $7.36 and a two-hundred day simple moving average of $6.82. The company has a current ratio of 2.33, a quick ratio of 2.31 and a debt-to-equity ratio of 1.67. The company has a market cap of $3.08 billion, a PE ratio of -15.77 and a beta of 0.80.

SES (OTCMKTS:SGBAF) last released its earnings results on Thursday, November 6th. The company reported ($0.02) EPS for the quarter. SES had a negative net margin of 5.27% and a positive return on equity of 4.97%. The business had revenue of $898.90 million during the quarter. On average, analysts forecast that Ses S.A. will post 0.41 EPS for the current fiscal year.

About SES

SES SA provides satellite-based data transmission capacity and ancillary services worldwide. The company offers content connectivity solutions, including network spanning satellite and ground infrastructure to create, deliver, and manage video and data solutions. It also provides data connectivity services through its fleet of geostationary earth orbit and medium earth orbit satellites to the aviation, cloud, cruise, energy, government, maritime, and telco and mobile network operator industries.