SoftBank Group (OTCMKTS:SFTBY) Shares Gap Down – What’s Next?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped down prior to trading on Monday . The stock had previously closed at $20.15, but opened at $18.49. SoftBank Group shares last traded at $18.42, with a volume of 165,689 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. TD Cowen raised shares of SoftBank Group to a “hold” rating in a report on Wednesday, April 1st. Zacks Research raised SoftBank Group to a “hold” rating in a report on Tuesday, March 10th. Cantor Fitzgerald assumed coverage on SoftBank Group in a report on Monday, March 9th. They issued an “overweight” rating on the stock. Finally, Jefferies Financial Group downgraded SoftBank Group from a “hold” rating to an “underperform” rating in a report on Thursday, March 12th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, SoftBank Group currently has a consensus rating of “Hold”.

SoftBank Group Stock Down 7.3%

The firm’s fifty day moving average price is $13.42 and its 200-day moving average price is $14.54. The company has a market capitalization of $213.28 billion, a price-to-earnings ratio of 8.61 and a beta of 1.70. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.83 and a quick ratio of 0.81.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings results on Thursday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.04. The company had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $12.44 billion. SoftBank Group had a net margin of 48.62% and a return on equity of 23.66%. Sell-side analysts expect that SoftBank Group Corp. Unsponsored ADR will post 2.78 earnings per share for the current fiscal 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.