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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $20.15, but opened at $18.49. SoftBank Group shares last traded at $18.42, with a volume of 165,689 shares.

Wall Street Analysts Forecast Growth

SFTBY has been the topic of a number of recent research reports. TD Cowen upgraded shares of SoftBank Group to a “hold” rating in a report on Wednesday, April 1st. Zacks Research upgraded SoftBank Group to a “hold” rating in a research report on Tuesday, March 10th. Jefferies Financial Group downgraded SoftBank Group from a “hold” rating to an “underperform” rating in a research report on Thursday, March 12th. Finally, Cantor Fitzgerald started coverage on SoftBank Group in a research report on Monday, March 9th. They set an “overweight” rating for the company. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

SoftBank Group Stock Performance

The company has a debt-to-equity ratio of 0.96, a current ratio of 0.83 and a quick ratio of 0.81. The company’s 50-day moving average price is $13.42 and its two-hundred day moving average price is $14.54. The company has a market capitalization of $213.28 billion, a price-to-earnings ratio of 8.61 and a beta of 1.70.

SoftBank Group (OTCMKTS:SFTBY) last announced its earnings results on Thursday, February 12th. The technology company reported $0.14 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $12.44 billion. On average, equities research analysts anticipate that SoftBank Group Corp. Unsponsored ADR will post 2.78 EPS for the current fiscal year.

About SoftBank Group

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.