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

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped down prior to trading on Wednesday . The stock had previously closed at $17.4650, but opened at $16.88. SoftBank Group shares last traded at $17.06, with a volume of 432,292 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SFTBY. Deutsche Bank Aktiengesellschaft upgraded shares of SoftBank Group from a “hold” rating to a “buy” rating in a research report on Friday, June 26th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SoftBank Group in a research note on Wednesday, June 17th. Finally, TD Cowen reiterated a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

SoftBank Group Price Performance

The firm has a market capitalization of $189.63 billion, a price-to-earnings ratio of 5.86 and a beta of 1.87. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.85. The company’s fifty day moving average is $18.63 and its two-hundred day moving average is $16.67.

SoftBank Group (OTCMKTS:SFTBY) last issued its earnings results on Thursday, August 6th. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.07 by $0.12. The company had revenue of $12.82 billion during the quarter, compared to analysts’ expectations of $12.23 billion. SoftBank Group had a net margin of 62.60% and a return on equity of 26.38%. Equities research analysts anticipate that SoftBank Group Corp. Unsponsored ADR will post -0.34 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.