SES (OTCMKTS:SGBAF) Sets New 1-Year Low – Here’s What Happened

Shares of Ses S.A. (OTCMKTS:SGBAF) reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $4.10 and last traded at $4.1882, with a volume of 26,040 shares trading hands. The stock had previously closed at $4.39.

Analyst Upgrades and Downgrades

Several analysts have commented on SGBAF shares. Oddo Bhf upgraded SES to an “outperform” rating in a research note on Thursday. Zacks Research upgraded SES to a “hold” rating in a research note on Wednesday, July 29th. Finally, Barclays cut SES from an “equal weight” rating to an “underweight” rating in a research note on Monday, July 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

SES Price Performance

The stock has a 50 day simple moving average of $5.42 and a 200-day simple moving average of $7.39. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.95 and a current ratio of 1.04.

SES (OTCMKTS:SGBAF) last released its quarterly earnings results on Thursday, July 30th. The company reported ($0.32) EPS for the quarter. SES had a negative net margin of 8.96% and a negative return on equity of 9.43%. The business had revenue of $877.72 million for the quarter. On average, sell-side analysts expect that Ses S.A. will post 0.05 earnings per share for the current fiscal year.

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, combining geostationary Earth orbit (GEO) satellites with medium Earth orbit (MEO) satellites to support broadband communications, video distribution and other data-intensive applications.

SES serves broadcasters, telecommunications operators, governments, enterprises and organizations in the aviation and maritime industries.