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

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped down before the market opened on Friday. The stock had previously closed at $16.33, but opened at $15.55. SoftBank Group shares last traded at $15.44, with a volume of 542,790 shares changing hands.

Analyst Upgrades and Downgrades

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

SoftBank Group Price Performance

The stock has a fifty day moving average price of $18.47 and a 200-day moving average price of $18.36. The company has a market cap of $173.98 billion, a PE ratio of 5.38 and a beta of 1.91. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.68 and a quick ratio of 0.67.

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, beating analysts’ consensus estimates of $0.07 by $0.12. The business had revenue of $12.82 billion for 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%. On average, equities analysts expect that SoftBank Group Corp. Unsponsored ADR will post -0.34 earnings per share for the current year.

About SoftBank Group

SoftBank Group Corp. is a Japanese holding company focused on technology investments and telecommunications-related businesses. Founded by Masayoshi Son in 1981 as a distributor of computer software, the company expanded into internet services, mobile communications, and global technology investing. Its portfolio has included companies in artificial intelligence, e-commerce, fintech, enterprise software, semiconductors, and other technology sectors.

SoftBank Group manages investment activities through vehicles such as the SoftBank Vision Funds, which provide capital to technology companies at various stages of development.