SoftBank Group (OTCMKTS:SFTBY) Reaches New 12-Month High - Here's What Happened

Key Points

• SoftBank Group Corp. reached a new 52-week high, trading at $52.95 and last at $52.17, marking a significant increase from its previous close of $49.35.
• During its most recent quarterly earnings report, SoftBank reported $1.02 earnings per share, significantly surpassing estimates of $0.28 with revenue of $12.35 billion.
• The company's market cap currently stands at $153.76 billion, with a PE ratio of 12.91, reflecting strong financial performance.

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $52.95 and last traded at $52.17, with a volume of 949248 shares traded. The stock had previously closed at $49.35.

SoftBank Group Stock Up 6.0%

The company has a market cap of $153.76 billion, a PE ratio of 12.91 and a beta of 1.20. The company has a fifty day moving average price of $36.00 and a 200 day moving average price of $30.07. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.75 and a quick ratio of 0.73.

SoftBank Group (OTCMKTS:SFTBY - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.74. SoftBank Group had a return on equity of 12.93% and a net margin of 23.99%. The firm had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.24 billion. As a group, analysts anticipate that SoftBank Group Corp. Unsponsored ADR will post 2.22 EPS 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.

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