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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $19.36, but opened at $18.35. SoftBank Group shares last traded at $17.63, with a volume of 336,342 shares.

Analyst Ratings Changes

A number of brokerages have issued reports on SFTBY. TD Cowen raised SoftBank Group to a “hold” rating in a research report on Wednesday, April 1st. Citigroup began coverage on SoftBank Group in a research report on Monday, January 5th. They set a “buy” rating for the company. Cantor Fitzgerald began coverage on SoftBank Group in a research report on Monday, March 9th. They set an “overweight” rating for the company. Jefferies Financial Group cut SoftBank Group from a “hold” rating to an “underperform” rating in a research report on Thursday, March 12th. Finally, Zacks Research raised SoftBank Group to a “hold” rating in a research report on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

SoftBank Group Trading Down 12.1%

The company has a market capitalization of $179.92 billion, a price-to-earnings ratio of 7.27 and a beta of 1.50. The business has a fifty day moving average price of $13.00 and a 200 day moving average price of $14.56. 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 issued its quarterly earnings results on Thursday, February 12th. The technology company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. SoftBank Group had a return on equity of 23.66% and a net margin of 48.62%.The company had revenue of $12.90 billion during the quarter, compared to analyst estimates of $12.44 billion. On average, equities analysts expect that SoftBank Group Corp. Unsponsored ADR will post 2.78 EPS for the current fiscal year.

SoftBank Group Company Profile

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.