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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped down prior to trading on Tuesday . The stock had previously closed at $56.26, but opened at $49.25. SoftBank Group shares last traded at $48.1950, with a volume of 305,409 shares traded.

Wall Street Analyst Weigh In

Separately, New Street Research cut shares of 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 a consensus rating of “Hold”.

SoftBank Group Trading Down 13.8%

The firm’s 50-day moving average price is $70.55 and its 200 day moving average price is $49.78. The company has a market cap of $138.43 billion, a price-to-earnings ratio of 6.66 and a beta of 1.37. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.99.

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

SoftBank Group Company Profile

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.