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

Key Points

• SES (OTCMKTS:SGBAF) shares closed at $7.53 but opened significantly lower at $6.75, representing a gap down of 10.4% before trading commenced.
• Analysts have mixed ratings for SES, with one analyst rating it as a Strong Buy and two as a Hold, leading to an average rating of Moderate Buy.
• The company reported a revenue of $532.14 million for the last quarter, with earnings per share of $0.10 and a return on equity of 4.26%.

Ses S.A. (OTCMKTS:SGBAF - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $7.53, but opened at $6.75. SES shares last traded at $6.75, with a volume of 200 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. New Street Research raised shares of SES to a "hold" rating in a research note on Monday, June 9th. Berenberg Bank upgraded shares of SES to a "strong-buy" rating in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy".

SES Stock Down 10.4%

The stock has a market capitalization of $3.76 billion, a P/E ratio of -45.00 and a beta of 0.73. The business has a 50-day moving average price of $7.09 and a 200 day moving average price of $6.39. The company has a current ratio of 2.33, a quick ratio of 2.31 and a debt-to-equity ratio of 1.67.

SES (OTCMKTS:SGBAF - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.10 earnings per share for the quarter. SES had a positive return on equity of 4.26% and a negative net margin of 2.22%.The business had revenue of $532.14 million for the quarter. On average, equities analysts expect that Ses S.A. will post 0.41 EPS 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.

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