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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) shares gapped down prior to trading on Friday . The stock had previously closed at $15.64, but opened at $14.43. SoftBank Group shares last traded at $14.37, with a volume of 249,166 shares.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. BTIG Research assumed coverage on shares of SoftBank Group in a report on Monday, January 5th. They issued a “buy” rating for the company. Citigroup began coverage on shares of SoftBank Group in a report on Monday, January 5th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, SoftBank Group presently has an average rating of “Moderate Buy”.

SoftBank Group Stock Down 5.3%

The business’s 50 day moving average price is $13.90 and its 200-day moving average price is $14.80. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.90 and a current ratio of 0.92. The firm has a market capitalization of $169.24 billion, a PE ratio of 8.14 and a beta of 1.47.

SoftBank Group (OTCMKTS:SFTBY) last posted its earnings results on Thursday, February 12th. The technology company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. SoftBank Group had a net margin of 41.42% and a return on equity of 20.96%. The firm had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $12.44 billion. As a group, equities research analysts forecast that SoftBank Group Corp. Unsponsored ADR will post 2.22 earnings per share for the current year.

About SoftBank Group

SoftBank Group Corp is a Tokyo‐based multinational conglomerate holding company with a primary focus on technology, telecommunications and investment management. Founded in 1981 by Masayoshi Son, the company initially operated as a software distributor before expanding into mobile communications and internet services. Over the years, SoftBank has built a diversified portfolio that spans telecom operators, semiconductor design, cloud computing, and emerging technology ventures.

A key pillar of SoftBank’s strategy is its investment arm, the SoftBank Vision Fund, which targets high‐growth technology companies around the globe.