SES (OTCMKTS:SGBAF) Shares Gap Down - Here's What Happened

Key Points

• SES shares gapped down from a previous close of $4.85 to $4.5218, with 4,284 shares traded.
• Analyst opinions remain mixed, but the consensus rating is Hold: one analyst rates the stock Buy, two Hold, and one Sell.
• SES reported a quarterly loss of $0.32 per share on $877.72 million in revenue, alongside a negative net margin of 8.96% and negative return on equity of 9.43%.

Ses S.A. (OTCMKTS:SGBAF - Get Free Report) gapped down before the market opened on Wednesday. The stock had previously closed at $4.85, but opened at $4.5218. SES shares last traded at $4.5218, with a volume of 4,284 shares.

Analysts Set New Price Targets

A number of research analysts have weighed in on SGBAF shares. Zacks Research raised shares of SES to a "hold" rating in a report on Wednesday, July 29th. Barclays lowered shares of SES from an "equal weight" rating to an "underweight" rating in a research note on Monday, July 6th. Oddo Bhf upgraded SES to an "outperform" rating in a research report on Thursday, October 15th. Finally, New Street Research upgraded SES from a "sell" rating to a "neutral" rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

SES Price Performance

The company has a 50-day moving average of $5.13 and a 200 day moving average of $7.29. 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 has a market capitalization of $2.52 billion, a PE ratio of -5.14 and a beta of 1.02.

SES (OTCMKTS:SGBAF - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported ($0.32) earnings per share for the quarter. SES had a negative net margin of 8.96% and a negative return on equity of 9.43%. The firm had revenue of $877.72 million during the quarter. Sell-side analysts predict 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-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.

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