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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $59.40, but opened at $56.38. SoftBank Group shares last traded at $55.9050, with a volume of 157,585 shares changing hands.

Wall Street Analyst Weigh In

Separately, New Street Research cut shares of SoftBank Group from a “buy” rating to a “neutral” rating in a research note on Thursday, September 25th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

SoftBank Group Stock Down 4.1%

The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.99. The business has a fifty day simple moving average of $68.82 and a two-hundred day simple moving average of $52.07. The company has a market cap of $162.67 billion, a PE ratio of 7.82 and a beta of 1.49.

SoftBank Group (OTCMKTS:SFTBY) last issued its earnings results on Tuesday, November 11th. The technology company reported $5.93 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $5.38. The business had revenue of $12.44 billion during the quarter, compared to analysts’ expectations of $12.61 billion. SoftBank Group had a net margin of 41.42% and a return on equity of 22.08%. As a group, equities research analysts predict that SoftBank Group Corp. Unsponsored ADR will post 2.22 earnings per share for the current year.

About SoftBank Group

SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.