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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) shares gapped down prior to trading on Friday. The stock had previously closed at $16.33, but opened at $15.55. SoftBank Group shares last traded at $15.44, with a volume of 542,790 shares traded.

Wall Street Analysts Forecast Growth

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

SoftBank Group Price Performance

The company has a fifty day simple moving average of $18.47 and a 200-day simple moving average of $18.36. The company has a market cap of $173.98 billion, a P/E ratio of 5.38 and a beta of 1.91. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.68 and a quick ratio of 0.67.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.12. The business had revenue of $12.82 billion during the quarter, compared to analyst estimates of $12.23 billion. SoftBank Group had a return on equity of 26.14% and a net margin of 62.60%. On average, sell-side analysts predict 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.