SoftBank Group (OTCMKTS:SFTBY) Shares Gap Down – Should You Sell?

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped down before the market opened on Tuesday . The stock had previously closed at $22.23, but opened at $19.64. SoftBank Group shares last traded at $19.94, with a volume of 495,671 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SFTBY shares. Cantor Fitzgerald began coverage on shares of SoftBank Group in a report on Monday, March 9th. They issued an “overweight” rating for the company. Jefferies Financial Group downgraded shares of SoftBank Group from a “hold” rating to an “underperform” rating in a report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft cut shares of SoftBank Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Sanford C. Bernstein restated an “outperform” rating on shares of SoftBank Group in a research report on Wednesday, June 17th. Finally, TD Cowen restated a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

SoftBank Group Price Performance

The firm has a 50 day moving average of $20.07 and a 200-day moving average of $15.59. The company has a market cap of $229.39 billion, a P/E ratio of 6.93 and a beta of 1.79. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.85.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings results 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 return on equity of 28.68% and a net margin of 64.12%.The business had revenue of $13.17 billion during the quarter, compared to the consensus estimate of $12.54 billion. On average, equities research analysts predict that SoftBank Group Corp. Unsponsored ADR will post 0.02 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.