SoftBank Group (OTCMKTS:SFTBY) Shares Down 4.6% – Here’s Why

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

Wall Street Analysts Forecast Growth

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 research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

SoftBank Group Stock Performance

The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.67 and a current ratio of 0.68. The business has a 50 day moving average price of $18.38 and a two-hundred day moving average price of $18.41. The company has a market cap of $167.92 billion, a P/E ratio of 5.19 and a beta of 1.91.

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