SoftBank Corp. (OTCMKTS:SFBQF – Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $1.39 and traded as low as $1.2970. SoftBank shares last traded at $1.2970, with a volume of 8,065 shares traded.
Analyst Ratings Changes
Separately, The Goldman Sachs Group upgraded SoftBank to a “buy” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, SoftBank presently has a consensus rating of “Buy”.
Read Our Latest Stock Report on SFBQF
SoftBank Stock Down 14.0%
The stock’s 50-day moving average price is $1.51 and its 200 day moving average price is $1.39.
SoftBank Company Profile
SoftBank Group Corp. is a Japanese investment holding company focused on technology businesses and growth-stage companies. Founded in 1981 by Masayoshi Son as a distributor of computer software, the company has expanded into telecommunications, internet services, artificial intelligence, semiconductors and technology investing.
Through its investment operations, including the SoftBank Vision Funds, SoftBank backs companies across areas such as enterprise software, e-commerce, financial technology, mobility and artificial intelligence.
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