Free Trial

SoftBank Group (OTCMKTS:SFTBY) Shares Cross Below 200 Day Moving Average - Here's Why

SoftBank Group logo with Computer and Technology background

SoftBank Group Corp. (OTCMKTS:SFTBY - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $28.23 and traded as low as $26.50. SoftBank Group shares last traded at $26.85, with a volume of 487,455 shares trading hands.

SoftBank Group Trading Down 0.8%

The stock's fifty day simple moving average is $25.27 and its two-hundred day simple moving average is $28.23. The firm has a market cap of $78.94 billion, a PE ratio of 13.49 and a beta of 1.19. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.82.

SoftBank Group (OTCMKTS:SFTBY - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The technology company reported $1.16 earnings per share for the quarter, topping the consensus estimate of ($0.53) by $1.69. The company had revenue of $13.10 billion for the quarter, compared to the consensus estimate of $12.34 billion. SoftBank Group had a return on equity of 6.65% and a net margin of 12.74%. On average, sell-side analysts forecast that SoftBank Group Corp. will post 2.22 EPS for the current fiscal 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.

Read More

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.

Should You Invest $1,000 in SoftBank Group Right Now?

Before you consider SoftBank Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SoftBank Group wasn't on the list.

While SoftBank Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

New AI Deals Just Sent These 4 Infrastructure Stocks Soaring
7 Nuclear Stocks One Announcement Away from Exploding
3 AI ETFs for Steady Gains in 2025 (Without the Wild Volatility)

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines