SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.08 and traded as low as $12.00. SoftBank Group shares last traded at $12.43, with a volume of 2,481,107 shares traded.
Wall Street Analyst Weigh In
SFTBY has been the topic of a number of analyst reports. BTIG Research began coverage on shares of SoftBank Group in a research report on Monday, January 5th. They issued a "buy" rating on the stock. Citigroup started coverage on shares of SoftBank Group in a report on Monday, January 5th. They issued a "buy" rating on the stock. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, SoftBank Group presently has an average rating of "Moderate Buy".
View Our Latest Research Report on SoftBank Group
SoftBank Group Stock Performance
The business has a 50 day simple moving average of $13.77 and a 200 day simple moving average of $15.08. The company has a market capitalization of $142.00 billion, a PE ratio of 5.73 and a beta of 1.46. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 0.76.
SoftBank Group (OTCMKTS:SFTBY - Get Free Report) last released its earnings results on Thursday, February 12th. The technology company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04. The company had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.44 billion. SoftBank Group had a net margin of 48.62% and a return on equity of 24.75%. Equities research analysts predict that SoftBank Group Corp. Unsponsored ADR will post 2.22 EPS for the current fiscal year.
About SoftBank Group
(
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SoftBank Group Corp is a Tokyo‐based multinational conglomerate holding company with a primary focus on technology, telecommunications and investment management. Founded in 1981 by Masayoshi Son, the company initially operated as a software distributor before expanding into mobile communications and internet services. Over the years, SoftBank has built a diversified portfolio that spans telecom operators, semiconductor design, cloud computing, and emerging technology ventures.
A key pillar of SoftBank's strategy is its investment arm, the SoftBank Vision Fund, which targets high‐growth technology companies around the globe.
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