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

Key Points

• SES S.A. shares gapped down from a closing price of $7.50 to open at $7.00, with a trading volume of 1,010 shares.
• Berenberg Bank upgraded SES to a "strong-buy" rating, contributing to a current consensus rating of "Moderate Buy" for the stock.
• The company's latest quarterly earnings report showed earnings per share of $0.10 and revenue of $532.14 million, with analysts forecasting 0.41 EPS for the current year.

Ses S.A. (OTCMKTS:SGBAF - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $7.50, but opened at $7.00. SES shares last traded at $7.00, with a volume of 1,010 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank raised SES to a "strong-buy" rating in a research note on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, SES currently has a consensus rating of "Moderate Buy".

SES Price Performance

The firm has a market capitalization of $3.90 billion, a P/E ratio of -46.66 and a beta of 0.75. The firm has a 50 day moving average price of $7.21 and a 200-day moving average price of $6.58. 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 posted its quarterly earnings data on Thursday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter. The business 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%. On average, analysts expect that Ses S.A. will post 0.41 earnings per share 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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