SoftBank Group (OTCMKTS:SFTBY) Shares Gap Down – Time to Sell?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $17.55, but opened at $16.78. SoftBank Group shares last traded at $16.6150, with a volume of 204,414 shares changing hands.

Analyst Ratings Changes

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

SoftBank Group Stock Performance

The stock has a market cap of $192.83 billion, a PE ratio of 5.83 and a beta of 1.83. The company has a fifty day moving average price of $20.54 and a 200 day moving average price of $16.24. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.85.

SoftBank Group (OTCMKTS:SFTBY) last issued its earnings results on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.86. SoftBank Group had a return on equity of 28.68% and a net margin of 64.12%.The company had revenue of $13.17 billion during the quarter, compared to analysts’ expectations of $12.54 billion. Analysts expect that SoftBank Group Corp. Unsponsored ADR will post 0.1 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.