SES (OTCMKTS:SGBAF) Hits New 52-Week Low – What’s Next?

Ses S.A. (OTCMKTS:SGBAF)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $3.43 and last traded at $3.60, with a volume of 2060 shares. The stock had previously closed at $3.90.

Analysts Set New Price Targets

Separately, Barclays upgraded shares of SES to a “strong-buy” rating in a report on Wednesday, October 2nd.

SES Price Performance

The stock has a 50 day moving average of $4.86 and a 200-day moving average of $5.14. The company has a current ratio of 2.57, a quick ratio of 2.53 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $2.01 billion, a P/E ratio of -1.70 and a beta of 1.24.

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.