SoftBank Group (OTCMKTS:SFTBY) Shares Gap Down – Should You Sell?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $19.71, but opened at $18.34. SoftBank Group shares last traded at $18.4002, with a volume of 865,728 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SFTBY shares. TD Cowen restated a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Deutsche Bank Aktiengesellschaft raised SoftBank Group from a “hold” rating to a “buy” rating in a research note on Friday. Cantor Fitzgerald assumed coverage on SoftBank Group in a research note on Monday, March 9th. They issued an “overweight” rating for the company. Sanford C. Bernstein restated an “outperform” rating on shares of SoftBank Group in a report on Wednesday, June 17th. Finally, Jefferies Financial Group downgraded SoftBank Group from a “hold” rating to an “underperform” rating in a report on Thursday, March 12th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

SoftBank Group Stock Performance

The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.85. The firm has a market cap of $212.60 billion, a price-to-earnings ratio of 6.42 and a beta of 1.79. The stock has a fifty day moving average price of $20.32 and a 200 day moving average price of $15.66.

SoftBank Group (OTCMKTS:SFTBY) last posted its earnings results 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 firm 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%. As a group, analysts predict that SoftBank Group Corp. Unsponsored ADR will post 0.02 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.