SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY – Get Free Report) shares gapped down before the market opened on Monday. The stock had previously closed at $11.47, but opened at $11.05. SoftBank Group shares last traded at $11.63, with a volume of 2,523,074 shares changing hands.
Analyst Ratings Changes
Separately, Jefferies Financial Group upgraded shares of SoftBank Group from an “underperform” rating to a “hold” rating in a research report on Wednesday, October 28th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, SoftBank Group has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on SoftBank Group
SoftBank Group Stock Performance
The company has a debt-to-equity ratio of 0.89, a current ratio of 0.68 and a quick ratio of 0.67. The company has a market capitalization of $133.09 billion, a PE ratio of 4.11 and a beta of 2.07. The stock has a 50-day simple moving average of $17.43 and a 200 day simple moving average of $16.72.
SoftBank Group (OTCMKTS:SFTBY – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.12. SoftBank Group had a return on equity of 26.14% and a net margin of 62.60%. The firm had revenue of $12.82 billion during the quarter, compared to the consensus estimate of $12.23 billion. Equities analysts anticipate that SoftBank Group Corp. Unsponsored ADR will post -0.34 EPS for the current fiscal year.
SoftBank Group Company Profile
SoftBank Group is a Japan-based holding company focused on technology businesses and investments. Founded in 1981 by Masayoshi Son, it began as a software distributor and expanded into telecommunications and a broad portfolio of technology-related businesses.
The group’s activities include operating and investing in companies involved in mobile and broadband communications, internet services, artificial intelligence, semiconductors, and other technology fields. Its portfolio includes Arm, a semiconductor and software-design company, and it invests in businesses through vehicles such as the SoftBank Vision Funds.
SoftBank Group has operations and investments across Japan and international markets.
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