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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) shares gapped down before the market opened on Thursday . The stock had previously closed at $59.40, but opened at $56.38. SoftBank Group shares last traded at $55.9050, with a volume of 157,585 shares trading hands.

Analyst Ratings Changes

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

SoftBank Group Price Performance

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 stock has a market capitalization of $162.67 billion, a price-to-earnings ratio of 7.82 and a beta of 1.49. The stock has a fifty day moving average of $68.82 and a two-hundred day moving average of $52.07.

SoftBank Group (OTCMKTS:SFTBY) last announced its earnings results on Tuesday, November 11th. The technology company reported $5.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $5.38. The company had revenue of $12.44 billion during the quarter, compared to analyst estimates of $12.61 billion. SoftBank Group had a return on equity of 22.08% and a net margin of 41.42%. As a group, equities research analysts forecast that SoftBank Group Corp. Unsponsored ADR will post 2.22 earnings per share for the current 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.