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

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped down before the market opened on Friday . The stock had previously closed at $17.76, but opened at $16.56. SoftBank Group shares last traded at $16.2850, with a volume of 565,354 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded SoftBank Group from a “hold” rating to a “buy” rating in a research report on Friday, June 26th. TD Cowen reiterated a “hold” rating on shares of SoftBank Group in a research report on Thursday, May 14th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of SoftBank Group in a research note on Wednesday, June 17th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, SoftBank Group has a consensus rating of “Hold”.

SoftBank Group Trading Down 2.5%

The stock has a market cap of $197.74 billion, a PE ratio of 5.97 and a beta of 1.83. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.78 and a current ratio of 0.80. The company’s 50-day moving average price is $20.64 and its 200 day moving average price is $16.13.

SoftBank Group (OTCMKTS:SFTBY) last issued its quarterly earnings data on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.86. The company had revenue of $13.17 billion during the quarter, compared to analyst estimates of $12.54 billion. SoftBank Group had a return on equity of 28.68% and a net margin of 64.12%. On average, sell-side analysts forecast that SoftBank Group Corp. Unsponsored ADR will post 0.03 EPS for the current fiscal year.

SoftBank Group Company Profile

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.