SoftBank Group (OTCMKTS:SFTBY) Shares Down 6.9% – Time to Sell?

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY – Get Free Report) were down 6.9% during trading on Tuesday . The company traded as low as $21.0775 and last traded at $21.08. Approximately 924,238 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 2,432,320 shares. The stock had previously closed at $22.65.

Analyst Ratings Changes

Several research analysts have issued reports on SFTBY shares. Cantor Fitzgerald started coverage on shares of SoftBank Group in a research report on Monday, March 9th. They issued an “overweight” rating on the stock. TD Cowen restated a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Sanford C. Bernstein assumed coverage on shares of SoftBank Group in a research report on Monday, May 18th. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft cut SoftBank Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, Zacks Research upgraded shares of SoftBank Group to a “hold” rating in a report on Tuesday, March 10th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, SoftBank Group has a consensus rating of “Hold”.

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SoftBank Group Stock Performance

The stock has a fifty day simple moving average of $17.67 and a 200-day simple moving average of $14.92. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $233.96 billion, a P/E ratio of 7.07 and a beta of 1.79.

SoftBank Group (OTCMKTS:SFTBY – Get Free Report) last announced its earnings results on Wednesday, May 13th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.16 by $0.86. The business had revenue of $13.17 billion for the quarter, compared to the consensus estimate of $12.54 billion. SoftBank Group had a return on equity of 30.38% and a net margin of 64.12%. Equities analysts forecast that SoftBank Group Corp. Unsponsored ADR will post 0.02 EPS for the current year.

SoftBank Group Company Profile

(Get Free Report)

SoftBank Group Corp is a Tokyo‐based multinational conglomerate holding company with a primary focus on technology, telecommunications and investment management. Founded in 1981 by Masayoshi Son, the company initially operated as a software distributor before expanding into mobile communications and internet services. Over the years, SoftBank has built a diversified portfolio that spans telecom operators, semiconductor design, cloud computing, and emerging technology ventures.

A key pillar of SoftBank’s strategy is its investment arm, the SoftBank Vision Fund, which targets high‐growth technology companies around the globe.

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