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

Ses S.A. (OTCMKTS:SGBAF)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $8.01, but opened at $6.61. SES shares last traded at $6.61, with a volume of 345 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Zacks Research raised shares of SES to a “hold” rating in a research report on Wednesday. Barclays cut shares of SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. Finally, New Street Research lowered shares of SES from a “neutral” rating to a “sell” rating in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Sell”.

SES Stock Down 13.8%

The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The company has a fifty day simple moving average of $8.85 and a 200 day simple moving average of $8.16. The firm has a market capitalization of $3.63 billion, a P/E ratio of -7.41 and a beta of 0.99.

SES (OTCMKTS:SGBAF) last released its earnings results on Thursday, July 30th. The company reported ($0.32) EPS for the quarter. SES had a negative return on equity of 14.31% and a negative net margin of 8.96%.The company had revenue of $877.72 million during the quarter. On average, equities analysts expect that Ses S.A. will post 0.05 EPS for the current fiscal year.

About SES

SES (OTCMKTS:SGBAF) is a leading global satellite operator headquartered in Betzdorf, Luxembourg. The company provides end-to-end satellite communications services, leveraging a fleet of geostationary satellites under the ASTRA and SES brands, as well as medium-earth orbit satellites through its O3b network. SES serves a diverse range of customers in the broadcast, telecom, maritime, aviation and government sectors, delivering managed video distribution and high-throughput data connectivity solutions worldwide.

The company’s video business enables broadcasters and content distributors to reach television audiences across Europe, North America, Latin America, Asia-Pacific and Africa.