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

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped down prior to trading on Monday . The stock had previously closed at $21.65, but opened at $18.51. SoftBank Group shares last traded at $18.62, with a volume of 847,053 shares traded.

Analyst Ratings Changes

SFTBY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of SoftBank Group from a “hold” rating to a “buy” rating in a research note on Friday, June 26th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SoftBank Group in a report on Wednesday, June 17th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

SoftBank Group Trading Down 14.6%

The firm has a market capitalization of $211.22 billion, a P/E ratio of 6.53 and a beta of 1.89. The stock has a 50-day simple moving average of $17.48 and a two-hundred day simple moving average of $17.09. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. SoftBank Group had a return on equity of 26.14% and a net margin of 62.60%.The business had revenue of $12.82 billion for the quarter, compared to the consensus estimate of $12.23 billion. On average, equities research analysts anticipate that SoftBank Group Corp. Unsponsored ADR will post -0.34 earnings per share for the current year.

SoftBank Group Company Profile

SoftBank Group Corp. is a Japanese technology investment and holding company founded by Masayoshi Son in 1981. The company initially focused on software distribution and technology publishing before expanding into telecommunications, internet services and global technology investments. SoftBank Group is headquartered in Tokyo and invests in businesses across Japan, North America, Europe, Asia and other international markets.

The company’s primary activities include managing technology-focused investment funds, making direct investments in technology companies and holding strategic stakes in businesses across areas such as artificial intelligence, cloud computing, telecommunications, e-commerce and financial technology.