SoftBank Corp. (OTCMKTS:SFBQF – Get Free Report) crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $1.50 and traded as high as $1.52. SoftBank shares last traded at $1.5050, with a volume of 3,610 shares traded.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group raised shares of SoftBank to a “buy” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.
View Our Latest Analysis on SFBQF
SoftBank Trading Down 2.3%
The company has a 50 day moving average price of $1.50 and a 200 day moving average price of $1.39.
SoftBank Company Profile
SoftBank Group Corp. is a Japan-based holding company with businesses spanning telecommunications, technology and investment. Founded by Masayoshi Son in 1981 as a software distributor, it expanded into publishing, internet services and telecommunications before developing its current global investment focus.
The group’s activities include Japanese telecommunications through SoftBank Corp., which provides mobile and broadband services, and ownership of Arm, a semiconductor and software design company whose technologies are used in products worldwide.
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