SES (OTCMKTS:SGBAF) Shares Down 7.2% - Should You Sell?

Key Points

• SES S.A. shares fell 7.2% during mid-day trading, marking a significant decline from the previous closing price of $7.65.
• Berenberg Bank has upgraded SES to a "strong-buy" rating, while the stock has an overall consensus rating of "Moderate Buy" from analysts.
• The company's market capitalization stands at $3.96 billion, with a price-to-earnings ratio of -47.33 and a reported revenue of $532.14 million for the last quarter.

Ses S.A. (OTCMKTS:SGBAF - Get Free Report)'s share price traded down 7.2% during mid-day trading on Wednesday . The stock traded as low as $7.10 and last traded at $7.10. 200 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 2,754 shares. The stock had previously closed at $7.65.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded SES to a "strong-buy" rating in a report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

SES Price Performance

The stock has a market cap of $3.96 billion, a price-to-earnings ratio of -47.33 and a beta of 0.75. The company has a 50-day simple moving average of $7.11 and a two-hundred day simple moving average of $6.48. 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 - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.10 EPS for the quarter. The company had revenue of $532.14 million during the quarter. SES had a positive return on equity of 4.26% and a negative net margin of 2.22%. As a group, equities research analysts forecast that Ses S.A. will post 0.41 EPS for the current year.

SES Company Profile

SES SA provides satellite-based data transmission capacity and ancillary services worldwide. The company offers content connectivity solutions, including network spanning satellite and ground infrastructure to create, deliver, and manage video and data solutions. It also provides data connectivity services through its fleet of geostationary earth orbit and medium earth orbit satellites to the aviation, cloud, cruise, energy, government, maritime, and telco and mobile network operator industries.

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