SoftBank Group (OTCMKTS:SFTBY) Sets New 12-Month High - Still a Buy?

Key Points

• SoftBank Group's share price hit a new 52-week high at $61.21, closing at $60.75 with a trading volume of over 1.29 million shares.
• The company reported impressive quarterly earnings with an EPS of $1.02, exceeding analyst expectations of $0.28, and generating $12.35 billion in revenue.
• SoftBank's market capitalization stands at $178.60 billion, accompanied by a price-to-earnings ratio of 15.00 and a net margin of 23.99%.

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $61.21 and last traded at $60.75, with a volume of 1295338 shares traded. The stock had previously closed at $56.24.

SoftBank Group Price Performance

The stock has a market capitalization of $178.60 billion, a price-to-earnings ratio of 15.00 and a beta of 1.27. The company's 50-day simple moving average is $44.80 and its 200 day simple moving average is $33.06. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.99.

SoftBank Group (OTCMKTS:SFTBY - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.74. SoftBank Group had a net margin of 23.99% and a return on equity of 12.80%. The firm had revenue of $12.35 billion during the quarter, compared to analysts' expectations of $12.24 billion. Equities research analysts forecast that SoftBank Group Corp. Unsponsored ADR will post 2.22 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.