SES (OTCMKTS:SGBAF) Shares Gap Down – Should You Sell?

Ses S.A. (OTCMKTS:SGBAF)’s share price gapped down prior to trading on Monday . The stock had previously closed at $6.71, but opened at $6.1442. SES shares last traded at $6.1581, with a volume of 804 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SGBAF. Barclays lowered SES from an “equal weight” rating to an “underweight” rating in a research note on Monday, July 6th. New Street Research lowered SES from a “neutral” rating to a “sell” rating in a research note on Tuesday, June 2nd. Finally, Zacks Research upgraded SES to a “hold” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, SES currently has an average rating of “Sell”.

SES Price Performance

The company has a quick ratio of 0.95, a current ratio of 1.04 and a debt-to-equity ratio of 2.05. The firm’s fifty day moving average price is $8.41 and its 200 day moving average price is $8.13. The stock has a market cap of $3.43 billion, a PE ratio of -7.00 and a beta of 1.02.

SES (OTCMKTS:SGBAF) last posted its earnings results on Thursday, July 30th. The company reported ($0.32) earnings per share for the quarter. The company had revenue of $877.72 million for the quarter. SES had a negative net margin of 8.96% and a negative return on equity of 9.43%. As a group, 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.