SoftBank Group (OTCMKTS:SFTBY) Shares Up 11.3% – Should You Buy?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) shares rose 11.3% on Tuesday. The company traded as high as $21.45 and last traded at $21.39. 3,010,081 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 3,154,620 shares. The stock had previously closed at $19.22.

Analyst Ratings Changes

SFTBY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised shares of SoftBank Group from a “hold” rating to a “buy” rating in a research note on Friday, June 26th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SoftBank Group in a report on Wednesday, June 17th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, SoftBank Group has an average rating of “Moderate Buy”.

SoftBank Group Trading Up 8.5%

The stock has a market capitalization of $238.33 billion, a P/E ratio of 7.37 and a beta of 1.89. The stock’s fifty day moving average price is $17.91 and its two-hundred day moving average price is $17.69. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89.

SoftBank Group (OTCMKTS:SFTBY) last issued its earnings results on Thursday, August 6th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. The company had revenue of $12.82 billion for the quarter, compared to analysts’ expectations of $12.23 billion. SoftBank Group had a net margin of 62.60% and a return on equity of 26.14%. Equities research analysts forecast that SoftBank Group Corp. Unsponsored ADR will post -0.34 EPS for the current year.

SoftBank Group Company Profile

SoftBank Group Corp. is a Japanese holding company focused on technology investments and telecommunications-related businesses. Founded by Masayoshi Son in 1981 as a distributor of computer software, the company expanded into internet services, mobile communications, and global technology investing. Its portfolio has included companies in artificial intelligence, e-commerce, fintech, enterprise software, semiconductors, and other technology sectors.

SoftBank Group manages investment activities through vehicles such as the SoftBank Vision Funds, which provide capital to technology companies at various stages of development.