SoftBank Group (OTCMKTS:SFTBY) Sees Unusually-High Trading Volume – Here’s Why

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) saw an uptick in trading volume on Wednesday. Approximately 3,258,315 shares were traded during trading, an increase of 2% from the previous session’s volume of 3,180,744 shares. The stock last traded at $16.49 and had previously closed at $17.27.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SFTBY. Deutsche Bank Aktiengesellschaft raised SoftBank Group from a “hold” rating to a “buy” rating in a research report on Friday, June 26th. Sanford C. Bernstein reissued an “outperform” rating on shares of SoftBank Group in a research report on Wednesday, June 17th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

SoftBank Group Price Performance

The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.89. The company has a 50 day moving average of $18.54 and a 200-day moving average of $18.29. The stock has a market capitalization of $186.43 billion, a P/E ratio of 5.76 and a beta of 1.91.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.12. SoftBank Group had a net margin of 62.60% and a return on equity of 26.14%. The firm had revenue of $12.82 billion for the quarter, compared to analyst estimates of $12.23 billion. Sell-side analysts predict 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.