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

Shares of Ses S.A. (OTCMKTS:SGBAF - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $7.00, but opened at $6.71. SES shares last traded at $6.71, with a volume of 100 shares trading hands.

Analyst Ratings Changes

Separately, New Street Research raised shares of SES to a "hold" rating in a report on Monday, June 9th.

SES Stock Up 2.9%

The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.79 and a current ratio of 2.83. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of -70.00 and a beta of 0.65. The firm's 50-day simple moving average is $5.82 and its two-hundred day simple moving average is $4.83.

SES (OTCMKTS:SGBAF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.09 earnings per share for the quarter. The firm had revenue of $535.45 million during the quarter. SES had a negative net margin of 1.45% and a positive return on equity of 3.78%. On average, sell-side analysts expect that Ses S.A. will post 0.41 EPS for the current fiscal year.

About SES

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.