SoftBank Group (OTCMKTS:SFTBY) Shares Gap Down – Here’s Why

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped down prior to trading on Friday . The stock had previously closed at $17.55, but opened at $16.78. SoftBank Group shares last traded at $16.6150, with a volume of 204,414 shares.

Analyst Ratings Changes

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised SoftBank Group from a “hold” rating to a “buy” rating in a research report on Friday, June 26th. TD Cowen reissued a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of SoftBank Group in a report on Wednesday, June 17th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.

SoftBank Group Trading Down 3.8%

The stock has a market cap of $192.83 billion, a PE ratio of 5.83 and a beta of 1.83. The firm has a 50-day moving average price of $20.54 and a 200-day moving average price of $16.24. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.78 and a current ratio of 0.80.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings data on Wednesday, May 13th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.16 by $0.86. The company had revenue of $13.17 billion for the quarter, compared to the consensus estimate of $12.54 billion. SoftBank Group had a net margin of 64.12% and a return on equity of 28.68%. As a group, equities analysts anticipate that SoftBank Group Corp. Unsponsored ADR will post 0.1 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.