SoftBank Group (OTCMKTS:SFTBY) Shares Gap Down – Should You Sell?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped down prior to trading on Wednesday . The stock had previously closed at $24.72, but opened at $23.19. SoftBank Group shares last traded at $22.53, with a volume of 246,597 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of SoftBank Group in a research note on Monday, March 9th. They issued an “overweight” rating on the stock. Jefferies Financial Group cut shares of SoftBank Group from a “hold” rating to an “underperform” rating in a research note on Thursday, March 12th. Sanford C. Bernstein assumed coverage on shares of SoftBank Group in a research note on Monday, May 18th. They issued an “outperform” rating on the stock. TD Cowen reissued a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Finally, Zacks Research raised shares of SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold”.

SoftBank Group Price Performance

The company has a debt-to-equity ratio of 0.96, a current ratio of 0.83 and a quick ratio of 0.81. The stock has a market capitalization of $258.92 billion, a P/E ratio of 7.82 and a beta of 1.70. The company’s 50 day simple moving average is $15.32 and its two-hundred day simple moving average is $14.44.

SoftBank Group (OTCMKTS:SFTBY) last issued its quarterly earnings data on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.86. The firm had revenue of $13.17 billion for the quarter, compared to analysts’ expectations of $12.54 billion. SoftBank Group had a net margin of 64.12% and a return on equity of 30.38%. As a group, equities analysts expect that SoftBank Group Corp. Unsponsored ADR will post 0.02 EPS for the current fiscal year.

SoftBank Group Company Profile

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.