SoftBank Group (OTCMKTS:SFTBY) Trading Down 5.8% – Time to Sell?

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) fell 5.8% during trading on Friday . The company traded as low as $19.83 and last traded at $19.92. 639,625 shares changed hands during trading, a decline of 80% from the average session volume of 3,151,070 shares. The stock had previously closed at $21.15.

Wall Street Analyst Weigh In

SFTBY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded shares of SoftBank Group from a “hold” rating to a “buy” rating in a report on Friday, June 26th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SoftBank Group in a report on Wednesday, June 17th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, SoftBank Group currently has a consensus rating of “Hold”.

SoftBank Group Stock Performance

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 stock’s 50 day moving average price is $17.61 and its 200 day moving average price is $17.27. The company has a market capitalization of $228.65 billion, a P/E ratio of 7.07 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 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 the consensus estimate 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 analysts expect that SoftBank Group Corp. Unsponsored ADR will post -0.34 EPS for the current year.

About SoftBank Group

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.