SoftBank Group (OTCMKTS:SFTBY) Shares Gap Down - Time to Sell?

Key Points

• SoftBank Group's share price experienced a significant drop, opening at $49.95 after closing at $53.72, marking a 5.5% decline.
• The company recently reported quarterly earnings of $1.02 per share, considerably surpassing analysts' expectations of $0.28, with revenues of $12.35 billion.
• SoftBank holds a market capitalization of approximately $149.23 billion and a P/E ratio of 12.53, indicating its financial metrics in the current market context.

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $53.72, but opened at $49.95. SoftBank Group shares last traded at $50.65, with a volume of 343,441 shares changing hands.

SoftBank Group Stock Performance

The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.99. The company has a fifty day moving average of $43.76 and a two-hundred day moving average of $32.60.

SoftBank Group (OTCMKTS:SFTBY - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.28 by $0.74. SoftBank Group had a return on equity of 12.80% 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. On average, analysts forecast that SoftBank Group Corp. Unsponsored ADR will post 2.22 earnings per share 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.