SoftBank Group (OTCMKTS:SFTBY) Trading Up 6% – What’s Next?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBYGet Free Report) shares were up 6% during trading on Friday . The stock traded as high as $63.20 and last traded at $61.86. Approximately 107,958 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 732,818 shares. The stock had previously closed at $58.34.

Analyst Upgrades and Downgrades

Separately, New Street Research downgraded SoftBank Group from a “buy” rating to a “neutral” rating in a report 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”.

Check Out Our Latest Research Report on SFTBY

SoftBank Group Trading Up 4.5%

The company has a debt-to-equity ratio of 0.99, a current ratio of 0.84 and a quick ratio of 0.82. The company has a market cap of $174.07 billion, a price-to-earnings ratio of 8.37 and a beta of 1.49. The firm’s fifty day moving average price is $69.11 and its 200-day moving average price is $50.94.

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

SoftBank Group Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for SoftBank Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SoftBank Group and related companies with MarketBeat.com's FREE daily email newsletter.