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

Ses S.A. (OTCMKTS:SGBAF)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $6.77, but opened at $5.91. SES shares last traded at $5.91, with a volume of 1,000 shares changing hands.

SES Trading Down 12.7%

The business has a 50 day simple moving average of $7.23 and a 200-day simple moving average of $6.88. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of -16.89 and a beta of 0.80. The company has a debt-to-equity ratio of 1.67, a current ratio of 2.33 and a quick ratio of 2.31.

SES (OTCMKTS:SGBAF) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.02) earnings per share 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. As a group, equities analysts expect that Ses S.A. will post 0.41 earnings per share for the current 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.