SoftBank Group (OTCMKTS:SFTBY) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.08 and traded as low as $12.00. SoftBank Group shares last traded at $12.43, with a volume of 2,481,107 shares traded.

Analyst Upgrades and Downgrades

SFTBY has been the topic of a number of research reports. Citigroup assumed coverage on SoftBank Group in a research note on Monday, January 5th. They issued a “buy” rating on the stock. BTIG Research assumed coverage on shares of SoftBank Group in a research report on Monday, January 5th. They issued a “buy” rating on the stock. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

SoftBank Group Stock Down 2.4%

The company has a market cap of $132.97 billion, a PE ratio of 5.37 and a beta of 1.46. The stock has a 50-day moving average of $13.73 and a 200-day moving average of $15.06. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 0.76.

SoftBank Group (OTCMKTS:SFTBY) last announced its earnings results on Thursday, February 12th. The technology company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The business had revenue of $12.90 billion for the quarter, compared to analyst estimates of $12.44 billion. SoftBank Group had a return on equity of 24.75% and a net margin of 48.62%. Sell-side analysts predict that SoftBank Group Corp. Unsponsored ADR will post 2.22 earnings per share 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.