SES (OTCMKTS:SGBAF) Stock Price Down 13.8% – Should You Sell?

Ses S.A. (OTCMKTS:SGBAF)’s share price dropped 13.8% on Friday . The stock traded as low as $6.52 and last traded at $6.52. 1,810 shares were traded during trading, a decline of 40% from the average session volume of 3,012 shares. The stock had previously closed at $7.5668.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SGBAF shares. Barclays cut shares of SES from an “equal weight” rating to an “underweight” rating in a report on Monday, July 6th. Zacks Research raised shares of SES to a “hold” rating in a research report on Wednesday. Finally, New Street Research lowered shares of SES from a “neutral” rating to a “sell” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

SES Trading Down 13.8%

The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $3.63 billion, a P/E ratio of -14.82 and a beta of 0.99. The business has a 50 day moving average of $8.93 and a 200-day moving average of $8.17.

SES (OTCMKTS:SGBAF) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.32) earnings per share 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 $877.72 million during the quarter. Analysts anticipate 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.