SoftBank Group (OTCMKTS:SFTBY) Trading Down 7.8% – Here’s Why

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) was down 7.8% during trading on Thursday . The company traded as low as $18.09 and last traded at $18.12. Approximately 169,277 shares were traded during trading, a decline of 93% from the average daily volume of 2,349,938 shares. The stock had previously closed at $19.65.

Analyst Ratings Changes

A number of research analysts have recently commented on SFTBY shares. Cantor Fitzgerald started coverage on SoftBank Group in a research report on Monday, March 9th. They set an “overweight” rating on the stock. Jefferies Financial Group cut SoftBank Group from a “hold” rating to an “underperform” rating in a research report on Thursday, March 12th. Zacks Research raised SoftBank Group to a “hold” rating in a report on Tuesday, March 10th. Finally, TD Cowen reissued a “hold” rating on shares of SoftBank Group in a report on Thursday. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

SoftBank Group Price Performance

The business has a fifty day moving average of $13.91 and a 200-day moving average of $14.53. The firm has a market cap of $210.08 billion, a PE ratio of 8.48 and a beta of 1.70. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.96.

SoftBank Group (OTCMKTS:SFTBY) last issued its quarterly earnings data on Thursday, February 12th. The technology company reported $0.14 earnings per share (EPS) 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 analysts’ expectations of $12.44 billion. SoftBank Group had a return on equity of 23.66% and a net margin of 48.62%. As a group, research analysts predict that SoftBank Group Corp. Unsponsored ADR will post 2.78 earnings per share for the current 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.