SoftBank Group (OTCMKTS:SFTBY) Stock Falls 4.6% – Here’s What Happened

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) shares fell 4.6% on Tuesday. The stock traded as low as $14.1910 and last traded at $14.25. 698,583 shares changed hands during trading, a decline of 79% from the average daily volume of 3,274,448 shares. The stock had previously closed at $14.9402.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of SoftBank Group from a “hold” rating to a “buy” rating in a report on Friday, June 26th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, SoftBank Group presently has an average rating of “Moderate Buy”.

SoftBank Group Price Performance

The stock has a market capitalization of $167.47 billion, a price-to-earnings ratio of 5.18 and a beta of 1.91. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.67 and a current ratio of 0.68. The company has a 50 day moving average of $18.27 and a 200 day moving average of $18.45.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The company had revenue of $12.82 billion for 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, equities research analysts anticipate that SoftBank Group Corp. Unsponsored ADR will post -0.34 EPS for the current year.

About SoftBank Group

SoftBank Group Corp. is a Japanese holding company focused on technology, telecommunications and investment activities. Founded in 1981 by Masayoshi Son, the company began as a distributor of computer software before expanding into internet businesses, mobile communications and technology investing. It is headquartered in Tokyo and serves markets in Japan and internationally.

SoftBank Group’s activities include managing investments in technology companies through its investment portfolio and SoftBank Vision Funds, which have backed businesses in areas such as artificial intelligence, software, e-commerce, financial technology, robotics and communications.