SoftBank Group (OTCMKTS:SFTBY) Shares Pass Below Two Hundred Day Moving Average of $20.31

SoftBank Group Corp. (OTCMKTS:SFTBYGet Rating) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.31 and traded as low as $18.55. SoftBank Group shares last traded at $18.75, with a volume of 350,614 shares trading hands.

SoftBank Group Trading Down 3.0 %

The stock’s fifty day simple moving average is $20.06 and its two-hundred day simple moving average is $20.28. The company has a quick ratio of 0.80, a current ratio of 0.93 and a debt-to-equity ratio of 1.61.

SoftBank Group (OTCMKTS:SFTBYGet Rating) last announced its quarterly earnings results on Monday, August 8th. The technology company reported ($7.52) earnings per share for the quarter. The company had revenue of $12.13 billion during the quarter. SoftBank Group had a negative net margin of 84.15% and a negative return on equity of 44.96%. Sell-side analysts forecast that SoftBank Group Corp. will post 1.65 earnings per share for the current fiscal year.

SoftBank Group Company Profile

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SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through five segments: Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Latin America Funds. The company offers mobile communications, broadband, and fixed-line communications services; and sells mobile devices.

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