SoftBank Group (OTCMKTS:SFTBY) Sets New 52-Week High - Still a Buy?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $40.63 and last traded at $40.54, with a volume of 288429 shares traded. The stock had previously closed at $38.41.

SoftBank Group Stock Up 1.4%

The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.73 and a current ratio of 0.75. The firm's 50 day simple moving average is $31.80 and its 200 day simple moving average is $28.99.

SoftBank Group (OTCMKTS:SFTBY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The technology company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.53) by $1.69. SoftBank Group had a return on equity of 8.52% and a net margin of 16.35%. The company had revenue of $13.10 billion during the quarter, compared to the consensus estimate of $12.34 billion. As a group, equities research analysts forecast that SoftBank Group Corp. Unsponsored ADR will post 2.22 earnings per share for the current year.

SoftBank Group Company Profile

SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.