SES (OTCMKTS:SGBAF) Shares Gap Down – Here’s What Happened

Ses S.A. (OTCMKTS:SGBAF)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $7.72, but opened at $7.18. SES shares last traded at $7.18, with a volume of 103 shares.

SES Price Performance

The stock has a market capitalization of $4.08 billion, a PE ratio of -22.17 and a beta of 0.77. The business’s 50-day moving average price is $7.54 and its 200 day moving average price is $7.12. The company has a debt-to-equity ratio of 1.67, a quick ratio of 2.31 and a current ratio of 2.33.

SES (OTCMKTS:SGBAF) last issued its quarterly earnings data on Monday, March 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter. SES had a positive return on equity of 3.75% and a negative net margin of 4.07%.The business had revenue of $1.03 billion during the quarter. Research analysts forecast that Ses S.A. will post 0.41 earnings per share for the current year.

SES Company Profile

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.