SoftBank Group (OTCMKTS:SFTBY) Shares Gap Down – What’s Next?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $75.00, but opened at $71.11. SoftBank Group shares last traded at $70.9714, with a volume of 165,796 shares.

Wall Street Analysts Forecast Growth

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

SoftBank Group Trading Down 5.9%

The stock has a market capitalization of $201.51 billion, a price-to-earnings ratio of 17.42 and a beta of 1.37. 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 company has a fifty day moving average of $69.52 and a two-hundred day moving average of $47.52.

SoftBank Group Company Profile

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.