SoftBank Group (OTCMKTS:SFTBY) Sets New 1-Year High at $33.40

Shares of SoftBank Group Corp. (OTCMKTS:SFTBY) reached a new 52-week high on Wednesday . The company traded as high as $33.40 and last traded at $33.35, with a volume of 460294 shares. The stock had previously closed at $32.84.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised SoftBank Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 11th.

SoftBank Group Stock Performance

The stock’s 50 day moving average is $28.91 and its two-hundred day moving average is $26.82. The stock has a market capitalization of $98.05 billion, a price-to-earnings ratio of -45.68 and a beta of 1.18. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.15.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings results on Monday, May 13th. The technology company reported $0.52 earnings per share for the quarter. SoftBank Group had a negative return on equity of 2.38% and a negative net margin of 4.14%. The firm had revenue of $11.82 billion during the quarter. Analysts expect that SoftBank Group Corp. will post 1.94 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.