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

SES S.A. (OTCMKTS:SGBAF - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $7.28, but opened at $6.75. SES shares last traded at $6.75, with a volume of 1,897 shares.

Analysts Set New Price Targets

Several research firms have issued reports on SGBAF. New Street Research upgraded SES to a "hold" rating in a research report on Monday, June 9th. Berenberg Bank raised SES to a "strong-buy" rating in a report on Thursday, June 26th.

SES Price Performance

The company has a quick ratio of 2.79, a current ratio of 2.83 and a debt-to-equity ratio of 1.22. The company has a market cap of $4.15 billion, a price-to-earnings ratio of -74.50 and a beta of 0.71. The company has a fifty day simple moving average of $6.37 and a two-hundred day simple moving average of $5.26.

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