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

Ses S.A. (OTCMKTS:SGBAF)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $6.56, but opened at $6.30. SES shares last traded at $6.30, with a volume of 350 shares changing hands.

SES Stock Performance

The business has a 50 day moving average price of $7.10 and a two-hundred day moving average price of $6.90. The company has a debt-to-equity ratio of 1.67, a quick ratio of 2.31 and a current ratio of 2.33. The company has a market cap of $3.51 billion, a P/E ratio of -18.00 and a beta of 0.77.

SES (OTCMKTS:SGBAF) last released its quarterly 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 for the quarter. On average, sell-side analysts anticipate that Ses S.A. will post 0.41 earnings per share for the current year.

SES Company Profile

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.