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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) shares gapped down prior to trading on Thursday . The stock had previously closed at $21.16, but opened at $19.75. SoftBank Group shares last traded at $19.8850, with a volume of 470,927 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SoftBank Group in a research note on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft upgraded shares of SoftBank Group from a “hold” rating to a “buy” rating in a research report on Friday, June 26th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

SoftBank Group Stock 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 business has a 50 day moving average price of $17.79 and a 200 day moving average price of $17.52. The stock has a market cap of $225.62 billion, a P/E ratio of 6.97 and a beta of 1.89.

SoftBank Group (OTCMKTS:SFTBY) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. The firm had revenue of $12.82 billion during the quarter, compared to analyst estimates of $12.23 billion. SoftBank Group had a return on equity of 26.14% and a net margin of 62.60%. As a group, sell-side analysts expect 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 technology investment and holding company founded by Masayoshi Son in 1981. The company initially focused on software distribution and technology publishing before expanding into telecommunications, internet services and global technology investments. SoftBank Group is headquartered in Tokyo and invests in businesses across Japan, North America, Europe, Asia and other international markets.

The company’s primary activities include managing technology-focused investment funds, making direct investments in technology companies and holding strategic stakes in businesses across areas such as artificial intelligence, cloud computing, telecommunications, e-commerce and financial technology.