Shares of SoftBank Corp. (OTCMKTS:SFBQF – Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $1.39 and traded as low as $1.2970. SoftBank shares last traded at $1.2970, with a volume of 8,065 shares trading hands.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group upgraded SoftBank to a “buy” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy”.
Check Out Our Latest Research Report on SFBQF
SoftBank Trading Down 14.0%
The business’s 50-day moving average price is $1.51 and its two-hundred day moving average price is $1.39.
SoftBank Company Profile
SoftBank Group Corp. is a Japanese investment holding company focused on technology businesses and growth-stage companies. Founded in 1981 by Masayoshi Son as a distributor of computer software, the company has expanded into telecommunications, internet services, artificial intelligence, semiconductors and technology investing.
Through its investment operations, including the SoftBank Vision Funds, SoftBank backs companies across areas such as enterprise software, e-commerce, financial technology, mobility and artificial intelligence.
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