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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s stock price gapped down before the market opened on Thursday. The stock had previously closed at $19.80, but opened at $18.95. SoftBank Group shares last traded at $19.08, with a volume of 813,201 shares.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Sanford C. Bernstein reiterated an “outperform” rating on shares of SoftBank Group in a report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft upgraded 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, two 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 “Moderate Buy”.

SoftBank Group Stock Down 4.8%

The business’s 50 day simple moving average is $18.43 and its 200-day simple moving average is $18.12. The company has a market cap of $215.22 billion, a price-to-earnings ratio of 6.65 and a beta of 1.91. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.67 and a current ratio of 0.68.

SoftBank Group (OTCMKTS:SFTBY) last posted its earnings results on Thursday, August 6th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The firm had revenue of $12.82 billion during the quarter, compared to analysts’ expectations of $12.23 billion. SoftBank Group had a net margin of 62.60% and a return on equity of 26.14%. Sell-side analysts expect that SoftBank Group Corp. Unsponsored ADR will post -0.34 earnings per share for the current year.

SoftBank Group Company Profile

SoftBank Group Corp. is a Japanese holding company focused on technology investments and telecommunications-related businesses. Founded by Masayoshi Son in 1981 as a distributor of computer software, the company expanded into internet services, mobile communications, and global technology investing. Its portfolio has included companies in artificial intelligence, e-commerce, fintech, enterprise software, semiconductors, and other technology sectors.

SoftBank Group manages investment activities through vehicles such as the SoftBank Vision Funds, which provide capital to technology companies at various stages of development.