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SoftBank Group (OTCMKTS:SFTBY) Hits New 12-Month High - What's Next?

SoftBank Group logo with Computer and Technology background

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

SoftBank Group Price Performance

The company has a quick ratio of 0.73, a current ratio of 0.75 and a debt-to-equity ratio of 0.89. The firm's 50 day moving average is $31.51 and its 200-day moving average is $28.91.

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

SoftBank Group Company Profile

(Get Free Report)

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.

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