SoftBank Group (OTCMKTS:SFTBY) Shares Gap Up – Still a Buy?

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $18.3735, but opened at $20.32. SoftBank Group shares last traded at $20.36, with a volume of 397,033 shares trading hands.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of SoftBank Group from a “hold” rating to a “buy” rating in a research note on Friday, June 26th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SoftBank Group in a research note on Wednesday, June 17th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, SoftBank Group has a consensus rating of “Hold”.

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Read Our Latest Analysis on SFTBY

SoftBank Group Stock Up 10.2%

The firm has a fifty day moving average price of $17.48 and a 200 day moving average price of $17.12. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.89. The company has a market cap of $231.33 billion, a P/E ratio of 7.15 and a beta of 1.89.

SoftBank Group (OTCMKTS:SFTBY – Get Free Report) last announced its earnings results on Thursday, August 6th. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. SoftBank Group had a return on equity of 26.14% and a net margin of 62.60%.The company had revenue of $12.82 billion during the quarter, compared to analyst estimates of $12.23 billion. Equities research analysts forecast that SoftBank Group Corp. Unsponsored ADR will post -0.34 earnings per share for the current year.

SoftBank Group Company Profile

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SoftBank Group Corp. is a Japanese technology investment and holding company founded by Masayoshi Son in 1981. The company initially focused on software distribution and technology publishing before expanding into telecommunications, internet services and global technology investments. SoftBank Group is headquartered in Tokyo and invests in businesses across Japan, North America, Europe, Asia and other international markets.

The company’s primary activities include managing technology-focused investment funds, making direct investments in technology companies and holding strategic stakes in businesses across areas such as artificial intelligence, cloud computing, telecommunications, e-commerce and financial technology.

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