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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $56.26, but opened at $49.25. SoftBank Group shares last traded at $48.1950, with a volume of 305,409 shares trading hands.

Analysts Set New Price Targets

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

SoftBank Group Trading Down 13.8%

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 firm has a market capitalization of $138.43 billion, a price-to-earnings ratio of 6.66 and a beta of 1.37. The firm’s 50-day moving average is $70.55 and its 200 day moving average is $49.78.

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

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.