SoftBank Group (OTCMKTS:SFTBF – Get Free Report) will likely be releasing its results after the market closes on Thursday, August 6th. Analysts expect the company to announce earnings of $0.1349 per share and revenue of $12.0315 billion for the quarter.
SoftBank Group Price Performance
SFTBF opened at $29.66 on Thursday. SoftBank Group has a 1 year low of $20.80 and a 1 year high of $180.00. The company’s 50 day simple moving average is $40.78 and its 200 day simple moving average is $32.64.
Hedge Funds Weigh In On SoftBank Group
A hedge fund recently bought a new stake in SoftBank Group stock. Atlas Capital Advisors Inc. acquired a new stake in shares of SoftBank Group Corp. (OTCMKTS:SFTBF – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,576 shares of the company’s stock, valued at approximately $185,000. 25.02% of the stock is currently owned by institutional investors and hedge funds.
SoftBank Group Company Profile
SoftBank Group Corp., headquartered in Tokyo, is a Japanese multinational conglomerate holding company with diversified interests in telecommunications, technology services and investment management. Founded in 1981 by Masayoshi Son, the company began as a software distributor before branching into mobile communications and internet ventures. Over the years, SoftBank has built one of Japan’s largest wireless networks and expanded its operations to encompass a broad range of digital services.
The company’s principal activities include the provision of mobile and fixed-line telecommunications through SoftBank Corp., which serves millions of consumers and businesses across Japan.
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