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

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped down prior to trading on Thursday. The stock had previously closed at $19.80, but opened at $18.95. SoftBank Group shares last traded at $19.08, with a volume of 813,201 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently commented on SFTBY. Deutsche Bank Aktiengesellschaft raised SoftBank Group from a “hold” rating to a “buy” rating in a research report on Friday, June 26th. Sanford C. Bernstein restated an “outperform” rating on shares of SoftBank Group in a research note on Wednesday, June 17th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, SoftBank Group has a consensus rating of “Moderate Buy”.

SoftBank Group Stock Down 4.8%

The firm has a market capitalization of $215.22 billion, a price-to-earnings ratio of 6.65 and a beta of 1.91. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.89. The firm has a fifty day moving average price of $18.43 and a 200 day moving average price of $18.12.

SoftBank Group (OTCMKTS:SFTBY) last announced its earnings results on Thursday, August 6th. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The company 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%. Sell-side analysts anticipate that SoftBank Group Corp. Unsponsored ADR will post -0.34 EPS for the current fiscal year.

About SoftBank Group

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.