SoftBank Group (OTCMKTS:SFTBY) Shares Gap Down – Should You Sell?

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped down before the market opened on Thursday . The stock had previously closed at $26.20, but opened at $22.75. SoftBank Group shares last traded at $22.82, with a volume of 501,388 shares.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SFTBY. Cantor Fitzgerald began coverage on SoftBank Group in a report on Monday, March 9th. They issued an “overweight” rating on the stock. Jefferies Financial Group cut SoftBank Group from a “hold” rating to an “underperform” rating in a report on Thursday, March 12th. Sanford C. Bernstein began coverage on SoftBank Group in a report on Monday, May 18th. They issued an “outperform” rating on the stock. Zacks Research upgraded SoftBank Group to a “hold” rating in a report on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft cut SoftBank Group from a “buy” rating to a “hold” rating in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

SoftBank Group Stock Performance

The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.96. The stock has a market cap of $265.14 billion, a P/E ratio of 8.01 and a beta of 1.79. The stock has a fifty day simple moving average of $17.02 and a 200-day simple moving average of $14.77.

SoftBank Group (OTCMKTS:SFTBY) last issued its earnings results on Wednesday, May 13th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.86. SoftBank Group had a return on equity of 30.38% and a net margin of 64.12%.The firm had revenue of $13.17 billion for the quarter, compared to analysts’ expectations of $12.54 billion. Equities analysts expect that SoftBank Group Corp. Unsponsored ADR will post 0.02 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.