SoftBank Group (OTCMKTS:SFTBY) Shares Gap Down – Here’s Why

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped down prior to trading on Friday . The stock had previously closed at $17.76, but opened at $16.56. SoftBank Group shares last traded at $16.2850, with a volume of 565,354 shares traded.

Wall Street Analyst Weigh In

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

SoftBank Group Trading Down 4.3%

The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average price of $20.69 and a two-hundred day moving average price of $16.12. The company has a market cap of $194.20 billion, a price-to-earnings ratio of 5.87 and a beta of 1.83.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings data 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. SoftBank Group had a net margin of 64.12% and a return on equity of 28.68%. The company had revenue of $13.17 billion during the quarter, compared to analysts’ expectations of $12.54 billion. As a group, equities analysts forecast that SoftBank Group Corp. Unsponsored ADR will post 0.03 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.