SES (OTCMKTS:SGBAF) Stock Falls 3.4% – Time to Sell?
by Kim Johansen · The Markets DailySes S.A. (OTCMKTS:SGBAF – Get Free Report)’s share price was down 3.4% during mid-day trading on Tuesday. The stock traded as low as $4.6450 and last traded at $4.6450. Approximately 2,000 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 2,913 shares. The stock had previously closed at $4.81.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on SGBAF shares. Zacks Research upgraded SES to a “hold” rating in a report on Wednesday, July 29th. Barclays lowered SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. Finally, Oddo Bhf raised shares of SES to an “outperform” rating in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.
View Our Latest Stock Report on SES
SES Price Performance
The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of -5.28 and a beta of 1.02. 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 business has a 50-day simple moving average of $5.32 and a two-hundred day simple moving average of $7.34.
SES (OTCMKTS:SGBAF – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.32) earnings per share (EPS) for the quarter. The business had revenue of $877.72 million during the quarter. SES had a negative return on equity of 9.43% and a negative net margin of 8.96%. As a group, research analysts predict 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 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.