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SoftBank Group (OTCMKTS:SFTBY) Shares Pass Below 200 Day Moving Average - What's Next?

SoftBank Group logo with Computer and Technology background

Shares of SoftBank Group Corp. (OTCMKTS:SFTBY - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $28.07 and traded as low as $25.52. SoftBank Group shares last traded at $25.93, with a volume of 624,820 shares traded.

SoftBank Group Price Performance

The company has a debt-to-equity ratio of 0.82, a current ratio of 0.68 and a quick ratio of 0.67. The company's 50-day simple moving average is $25.28 and its 200-day simple moving average is $27.99. The stock has a market capitalization of $79.94 billion, a P/E ratio of 13.66 and a beta of 1.19.

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, topping analysts' consensus estimates of ($0.53) by $1.69. The business had revenue of $13.10 billion for the quarter, compared to analyst estimates of $12.34 billion. SoftBank Group had a net margin of 12.74% and a return on equity of 6.65%. As a group, sell-side analysts expect 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.

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