SES (OTCMKTS:SGBAF) Sets New 52-Week Low – Should You Sell?

Ses S.A. (OTCMKTS:SGBAF) reached a new 52-week low during trading on Thursday . The stock traded as low as $5.1750 and last traded at $5.27, with a volume of 1000 shares traded. The stock had previously closed at $5.4585.

Analyst Upgrades and Downgrades

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

SES Price Performance

The stock has a market capitalization of $2.94 billion, a PE ratio of -5.99 and a beta of 0.98. 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 stock’s 50 day moving average price is $6.28 and its 200-day moving average price is $7.63.

SES (OTCMKTS:SGBAF) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.32) EPS for the quarter. SES had a negative return on equity of 9.43% and a negative net margin of 8.96%.The company had revenue of $877.72 million during the quarter. As a group, equities analysts forecast that Ses S.A. will post 0.05 EPS for the current year.

About SES

SES SA is a Luxembourg-based satellite communications company that provides connectivity and content distribution services to customers worldwide. The company operates a multi-orbit satellite fleet combining geostationary orbit (GEO) and medium Earth orbit (MEO) systems, enabling it to deliver broadband, video, mobility and data services across a range of markets.

SES serves broadcasters, media companies, telecommunications operators, enterprises, governments and other organizations. Its offerings include television and video distribution, managed connectivity, cloud and networking services, and communications for aviation, maritime and remote locations.