SoftBank Group (OTCMKTS:SFTBY) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.20 and traded as low as $12.68. SoftBank Group shares last traded at $12.69, with a volume of 1,808,600 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. New Street Research cut shares of SoftBank Group from a “buy” rating to a “neutral” rating in a research report on Thursday, September 25th. BTIG Research assumed coverage on shares of SoftBank Group in a report on Monday, January 5th. They set a “buy” rating on the stock. Finally, Citigroup started coverage on shares of SoftBank Group in a research report on Monday, January 5th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

SoftBank Group Stock Down 1.1%

The company has a debt-to-equity ratio of 0.76, a current ratio of 0.92 and a quick ratio of 0.90. The company has a market cap of $143.37 billion, a PE ratio of 6.90 and a beta of 1.47. The business’s 50 day moving average is $14.34 and its 200-day moving average is $14.26.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings data on Tuesday, November 11th. The technology company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $1.34. The company had revenue of $12.44 billion for the quarter, compared to the consensus estimate of $12.61 billion. SoftBank Group had a net margin of 41.42% and a return on equity of 20.96%. As a group, analysts predict that SoftBank Group Corp. Unsponsored ADR will post 2.22 EPS for the current year.

About SoftBank Group

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.