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SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY – Get Free Report) shares saw unusually-strong trading volume on Wednesday. Approximately 3,258,315 shares were traded during mid-day trading, an increase of 2% from the previous session’s volume of 3,180,744 shares. The stock last traded at $16.49 and had previously closed at $17.27.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft upgraded SoftBank Group from a “hold” rating to a “buy” rating in a research report on Friday, June 26th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, SoftBank Group has an average rating of “Moderate Buy”.
Check Out Our Latest Research Report on SoftBank Group
SoftBank Group Trading Up 1.7%
The company has a market cap of $186.55 billion, a price-to-earnings ratio of 5.77 and a beta of 1.91. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.68 and a quick ratio of 0.67. The business’s 50-day simple moving average is $18.47 and its 200-day simple moving average is $18.36.
SoftBank Group (OTCMKTS:SFTBY – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.07 by $0.12. SoftBank Group had a net margin of 62.60% and a return on equity of 26.14%. The business had revenue of $12.82 billion for the quarter, compared to analyst estimates of $12.23 billion. Research analysts predict that SoftBank Group Corp. Unsponsored ADR will post -0.34 earnings per share for the current fiscal year.
SoftBank Group Company Profile
SoftBank Group Corp. is a Japanese holding company focused on technology investments and telecommunications-related businesses. Founded by Masayoshi Son in 1981 as a distributor of computer software, the company expanded into internet services, mobile communications, and global technology investing. Its portfolio has included companies in artificial intelligence, e-commerce, fintech, enterprise software, semiconductors, and other technology sectors.
SoftBank Group manages investment activities through vehicles such as the SoftBank Vision Funds, which provide capital to technology companies at various stages of development.
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