SoftBank Group (OTCMKTS:SFTBY) Shares Gap Up – Time to Buy?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) shares gapped up before the market opened on Friday . The stock had previously closed at $16.44, but opened at $17.71. SoftBank Group shares last traded at $17.70, with a volume of 832,073 shares traded.

Analyst Ratings Changes

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

SoftBank Group Trading Up 9.1%

The firm has a fifty day moving average of $17.31 and a 200 day moving average of $16.83. The firm has a market capitalization of $204.83 billion, a PE ratio of 6.33 and a beta of 1.89. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.78 and a current ratio of 0.80.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. SoftBank Group had a return on equity of 26.38% and a net margin of 62.60%.The firm had revenue of $12.82 billion during the quarter, compared to analysts’ expectations of $12.23 billion. Equities research analysts expect that SoftBank Group Corp. Unsponsored ADR will post -0.34 EPS 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.