SES (OTCMKTS:SGBAF) Shares Gap Down – Time to Sell?

Ses S.A. (OTCMKTS:SGBAF) shares gapped down prior to trading on Friday . The stock had previously closed at $8.55, but opened at $7.60. SES shares last traded at $7.60, with a volume of 700 shares trading hands.

SES Stock Performance

The firm’s 50 day moving average price is $6.77 and its 200-day moving average price is $7.01. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of -21.71 and a beta of 0.77. 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 issued its quarterly earnings results 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 company had revenue of $898.90 million during the quarter. On average, analysts anticipate that Ses S.A. will post 0.41 earnings per share for the current year.

SES Company Profile

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.