SoftBank Group (OTCMKTS:SFTBY) Trading 6% Higher – Time to Buy?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s stock price traded up 6% on Friday . The company traded as high as $63.20 and last traded at $61.86. 107,958 shares traded hands during trading, a decline of 85% from the average session volume of 732,818 shares. The stock had previously closed at $58.34.

Analyst Ratings Changes

Separately, New Street Research downgraded shares of SoftBank Group from a “buy” rating to a “neutral” rating in a report on Thursday, September 25th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

SoftBank Group Stock Performance

The stock has a 50-day simple moving average of $69.11 and a 200-day simple moving average of $50.94. The stock has a market cap of $174.07 billion, a PE ratio of 8.37 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.84 and a quick ratio of 0.82.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings results on Tuesday, November 11th. The technology company reported $5.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $5.38. SoftBank Group had a net margin of 41.42% and a return on equity of 22.08%. The firm had revenue of $12.44 billion during the quarter, compared to analysts’ expectations of $12.61 billion. Equities analysts predict that SoftBank Group Corp. Unsponsored ADR will post 2.22 earnings per share for the current fiscal year.

SoftBank Group Company Profile

SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.