SES (OTCMKTS:SGBAF) Shares Gap Down – What’s Next?

Ses S.A. (OTCMKTS:SGBAF)’s share price gapped down before the market opened on Friday . The stock had previously closed at $8.95, but opened at $7.81. SES shares last traded at $7.81, with a volume of 200 shares traded.

Analyst Upgrades and Downgrades

SGBAF has been the subject of a number of recent research reports. Barclays downgraded shares of SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. New Street Research cut SES from a “neutral” rating to a “sell” rating in a report on Tuesday, June 2nd. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

SES Trading Down 6.5%

The stock has a 50 day moving average of $9.19 and a 200-day moving average of $8.09. The company has a market capitalization of $4.43 billion, a P/E ratio of -18.07 and a beta of 0.99. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 2.03.

SES (OTCMKTS:SGBAF) last released its earnings results on Tuesday, May 12th. The company reported $0.04 EPS for the quarter. SES had a negative net margin of 4.96% and a positive return on equity of 0.82%. The company had revenue of $991.17 million for the quarter.

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.