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

Key Points

• SoftBank Group shares reached a new 52-week high of $44.87 during trading, closing at $43.35 with a trading volume of 457,638 shares.
• The company's quarterly earnings surpassed expectations, reporting an EPS of $1.16, significantly exceeding the estimated loss of ($0.53) with revenues of $13.10 billion.
• SoftBank Group has a market cap of $127.45 billion and a current P/E ratio of 16.48, reflecting a strong financial position in its sector.

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as $44.87 and last traded at $43.35, with a volume of 457638 shares changing hands. The stock had previously closed at $42.19.

SoftBank Group Stock Performance

The company's 50-day moving average is $34.20 and its two-hundred day moving average is $29.64. The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 0.89. The firm has a market cap of $127.45 billion, a P/E ratio of 16.48 and a beta of 1.20.

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

About SoftBank Group

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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