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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $26.20, but opened at $22.75. SoftBank Group shares last traded at $22.82, with a volume of 501,388 shares.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. TD Cowen reiterated a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Cantor Fitzgerald assumed coverage on SoftBank Group in a research note on Monday, March 9th. They set an “overweight” rating for the company. Deutsche Bank Aktiengesellschaft lowered SoftBank Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Research upgraded SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th. Finally, Sanford C. Bernstein assumed coverage on SoftBank Group in a research note on Monday, May 18th. They set an “outperform” rating for the company. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

SoftBank Group Stock Down 11.4%

The firm has a fifty day moving average price of $17.02 and a 200 day moving average price of $14.77. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The company has a market cap of $265.14 billion, a P/E ratio of 8.01 and a beta of 1.79.

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