SoftBank Group (OTCMKTS:SFTBY) Shares Gap Down – Time to Sell?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped down before the market opened on Wednesday . The stock had previously closed at $17.4650, but opened at $16.88. SoftBank Group shares last traded at $17.06, with a volume of 432,292 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. TD Cowen reaffirmed a “hold” rating on shares of SoftBank Group in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft raised shares of SoftBank Group from a “hold” rating to a “buy” rating in a report on Friday, June 26th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SoftBank Group in a research report on Wednesday, June 17th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

SoftBank Group Stock Performance

The firm’s fifty day moving average price is $18.47 and its 200 day moving average price is $16.71. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.78 and a current ratio of 0.80. The firm has a market cap of $191.58 billion, a P/E ratio of 5.92 and a beta of 1.87.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. The firm had revenue of $12.82 billion during the quarter, compared to analysts’ expectations of $12.23 billion. SoftBank Group had a return on equity of 26.38% and a net margin of 62.60%. Sell-side analysts expect that SoftBank Group Corp. Unsponsored ADR will post -0.34 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.