SoftBank Group (OTCMKTS:SFTBY) Shares Gap Down – Here’s Why

by · The Cerbat Gem

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $52.99, but opened at $51.26. SoftBank Group shares last traded at $51.54, with a volume of 130,282 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, New Street Research downgraded SoftBank Group from a “buy” rating to a “neutral” rating in a research report on Thursday, September 25th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

View Our Latest Report on SoftBank Group

SoftBank Group Price Performance

The stock has a market cap of $148.17 billion, a P/E ratio of 7.13 and a beta of 1.49. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.99. The company’s fifty day simple moving average is $69.61 and its 200-day simple moving average is $50.69.

SoftBank Group (OTCMKTS:SFTBY – Get Free Report) last issued its earnings results on Tuesday, November 11th. The technology company reported $5.93 earnings per share for the quarter, beating the consensus estimate of $0.55 by $5.38. The business had revenue of $12.44 billion for the quarter, compared to analyst estimates of $12.61 billion. SoftBank Group had a net margin of 41.42% and a return on equity of 22.08%. As a group, sell-side analysts forecast that SoftBank Group Corp. Unsponsored ADR will post 2.22 EPS for the current year.

About SoftBank Group

(Get Free Report)

SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.

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