SoftBank Group (OTCMKTS:SFTBY) Shares Gap Down – Here’s Why

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $17.55, but opened at $16.78. SoftBank Group shares last traded at $16.6150, with a volume of 204,414 shares changing hands.

Analyst Ratings Changes

SFTBY has been the topic of several research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of SoftBank Group in a research note on Wednesday, June 17th. TD Cowen restated a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft raised SoftBank Group from a “hold” rating to a “buy” rating in a report on Friday, June 26th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

SoftBank Group Trading Down 7.0%

The firm’s fifty day moving average price is $20.51 and its 200-day moving average price is $16.24. The company has a market cap of $186.55 billion, a price-to-earnings ratio of 5.64 and a beta of 1.83. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.80 and a quick ratio of 0.78.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings data on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.86. The business had revenue of $13.17 billion for the quarter, compared to analysts’ expectations of $12.54 billion. SoftBank Group had a net margin of 64.12% and a return on equity of 28.68%. On average, equities analysts expect that SoftBank Group Corp. Unsponsored ADR will post 0.1 EPS for the current fiscal year.

About SoftBank Group

SoftBank Group Corp is a Tokyo‐based multinational conglomerate holding company with a primary focus on technology, telecommunications and investment management. Founded in 1981 by Masayoshi Son, the company initially operated as a software distributor before expanding into mobile communications and internet services. Over the years, SoftBank has built a diversified portfolio that spans telecom operators, semiconductor design, cloud computing, and emerging technology ventures.

A key pillar of SoftBank’s strategy is its investment arm, the SoftBank Vision Fund, which targets high‐growth technology companies around the globe.