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

Shares of Ses S.A. (OTCMKTS:SGBAF) gapped down before the market opened on Tuesday. The stock had previously closed at $4.84, but opened at $4.5737. SES shares last traded at $4.5771, with a volume of 4,367 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SGBAF. New Street Research upgraded shares of SES from a “sell” rating to a “neutral” rating in a research note on Monday, October 26th. Oddo Bhf upgraded SES to an “outperform” rating in a research note on Thursday, October 15th. Zacks Research raised SES to a “hold” rating in a report on Wednesday, July 29th. Finally, Barclays lowered SES from an “equal weight” rating to an “underweight” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, SES has an average rating of “Hold”.

SES Price Performance

The stock has a market capitalization of $2.57 billion, a P/E ratio of -5.25 and a beta of 1.02. The company has a 50 day moving average of $5.03 and a 200-day moving average of $7.24. The company has a quick ratio of 0.95, a current ratio of 1.04 and a debt-to-equity ratio of 2.05.

SES Company Profile

SES SA is a Luxembourg-based satellite communications company that provides connectivity and content-delivery services to customers worldwide. The company operates a multi-orbit satellite network that combines geostationary Earth orbit (GEO) satellites with medium Earth orbit (MEO) systems, supporting communications across regions and applications.

SES serves media and telecommunications companies, governments, enterprises, and mobility customers. Its services include television and video distribution, broadband connectivity, network services, cloud and data connectivity, and communications for aircraft, ships, and remote locations.