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

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $18.3735, but opened at $20.32. SoftBank Group shares last traded at $20.36, with a volume of 397,033 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on SFTBY. Sanford C. Bernstein reissued an “outperform” rating on shares of SoftBank Group in a research note on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft upgraded shares of SoftBank Group from a “hold” rating to a “buy” rating in a research note on Friday, June 26th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, SoftBank Group presently has a consensus rating of “Hold”.

SoftBank Group Stock Performance

The company has a market cap of $225.39 billion, a price-to-earnings ratio of 6.97 and a beta of 1.89. 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 company has a fifty day moving average of $17.56 and a two-hundred day moving average of $17.21.

SoftBank Group (OTCMKTS:SFTBY) last posted its earnings results on Thursday, August 6th. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.07 by $0.12. The firm had revenue of $12.82 billion during the quarter, compared to the consensus estimate of $12.23 billion. SoftBank Group had a return on equity of 26.14% and a net margin of 62.60%. Equities research analysts anticipate that SoftBank Group Corp. Unsponsored ADR will post -0.34 EPS for the current year.

SoftBank Group Company Profile

SoftBank Group Corp. is a Japanese technology investment and holding company founded by Masayoshi Son in 1981. The company initially focused on software distribution and technology publishing before expanding into telecommunications, internet services and global technology investments. SoftBank Group is headquartered in Tokyo and invests in businesses across Japan, North America, Europe, Asia and other international markets.

The company’s primary activities include managing technology-focused investment funds, making direct investments in technology companies and holding strategic stakes in businesses across areas such as artificial intelligence, cloud computing, telecommunications, e-commerce and financial technology.