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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY – Get Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $19.71, but opened at $18.34. SoftBank Group shares last traded at $18.4002, with a volume of 865,728 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently issued reports on SFTBY shares. TD Cowen reaffirmed a “hold” rating on shares of SoftBank Group in a research report on Thursday, May 14th. Jefferies Financial Group downgraded SoftBank Group from a “hold” rating to an “underperform” rating in a report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft upgraded SoftBank Group from a “hold” rating to a “buy” rating in a research note on Friday, June 26th. Cantor Fitzgerald started coverage on SoftBank Group in a report on Monday, March 9th. They set an “overweight” rating on the stock. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SoftBank Group in a research report on Wednesday, June 17th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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SoftBank Group Trading Down 1.3%

The stock has a market cap of $214.88 billion, a P/E ratio of 6.49 and a beta of 1.79. The firm’s 50 day simple moving average is $20.49 and its two-hundred day simple moving average is $15.72. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.85.

SoftBank Group (OTCMKTS:SFTBY – Get Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.16 by $0.86. SoftBank Group had a net margin of 64.12% and a return on equity of 28.68%. The business had revenue of $13.17 billion during the quarter, compared to analyst estimates of $12.54 billion. As a group, equities research analysts predict that SoftBank Group Corp. Unsponsored ADR will post 0.02 earnings per share for the current fiscal 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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