SoftBank Group (OTCMKTS:SFTBY) Shares Gap Down – Time to Sell?

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped down prior to trading on Tuesday . The stock had previously closed at $52.99, but opened at $51.26. SoftBank Group shares last traded at $51.54, with a volume of 130,282 shares changing hands.

Analyst Ratings Changes

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

SoftBank Group Stock Down 2.1%

The firm has a 50-day moving average of $69.61 and a two-hundred day moving average of $50.69. The firm has a market cap of $148.17 billion, a price-to-earnings ratio of 7.13 and a beta of 1.49. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.99.

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