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

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.64 and traded as low as $13.09. SoftBank Group shares last traded at $13.30, with a volume of 1,266,891 shares.

Analyst Upgrades and Downgrades

SFTBY has been the subject of several research analyst reports. Citigroup started coverage on shares of SoftBank Group in a report on Monday, January 5th. They issued a “buy” rating for the company. BTIG Research assumed coverage on shares of SoftBank Group in a research report on Monday, January 5th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

SoftBank Group Stock Up 0.3%

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 firm’s 50 day moving average price is $13.76 and its two-hundred day moving average price is $14.64. The firm has a market cap of $151.94 billion, a price-to-earnings ratio of 7.31 and a beta of 1.47.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings data on Tuesday, November 11th. The technology company reported $1.48 EPS for the quarter, beating the consensus estimate of $0.14 by $1.34. SoftBank Group had a return on equity of 20.96% and a net margin of 41.42%.The firm had revenue of $12.44 billion during the quarter, compared to the consensus estimate of $12.61 billion. As a group, sell-side analysts forecast 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 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.