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

Ses S.A. (OTCMKTS:SGBAF) gapped down before the market opened 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 traded.

Analysts Set New Price Targets

SGBAF has been the subject of a number of recent research reports. New Street Research downgraded shares of SES from a “neutral” rating to a “sell” rating in a report on Tuesday, June 2nd. Barclays cut shares of SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. Finally, Zacks Research raised SES to a “hold” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

SES Trading Up 5.4%

The stock’s fifty day simple moving average is $8.24 and its 200-day simple moving average is $8.11. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.04 and a quick ratio of 0.95. The firm has a market cap of $3.62 billion, a PE ratio of -7.38 and a beta of 1.01.

SES (OTCMKTS:SGBAF) last announced its quarterly earnings data 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%. On average, sell-side analysts forecast that Ses S.A. will post 0.05 earnings per share for the current 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.