SoftBank Group (OTCMKTS:SFTBY) Shares Down 4.6% – What’s Next?

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) dropped 4.6% during trading on Tuesday. The company traded as low as $14.1910 and last traded at $14.25. Approximately 698,583 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 3,274,448 shares. The stock had previously closed at $14.9402.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised shares of SoftBank Group from a “hold” rating to a “buy” rating in a report on Friday, June 26th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

SoftBank Group Stock Down 1.6%

The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.89. The stock has a 50-day simple moving average of $18.38 and a two-hundred day simple moving average of $18.41. The firm has a market cap of $167.92 billion, a PE ratio of 5.19 and a beta of 1.91.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping 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 return on equity of 26.14% and a net margin of 62.60%. Analysts expect that SoftBank Group Corp. Unsponsored ADR will post -0.34 earnings per share for the current year.

About SoftBank Group

SoftBank Group Corp. is a Japanese holding company focused on technology, telecommunications and investment activities. Founded in 1981 by Masayoshi Son, the company began as a distributor of computer software before expanding into internet businesses, mobile communications and technology investing. It is headquartered in Tokyo and serves markets in Japan and internationally.

SoftBank Group’s activities include managing investments in technology companies through its investment portfolio and SoftBank Vision Funds, which have backed businesses in areas such as artificial intelligence, software, e-commerce, financial technology, robotics and communications.