SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY – Get Free Report)’s stock price gapped down before the market opened on Monday. The stock had previously closed at $11.47, but opened at $11.05. SoftBank Group shares last traded at $11.63, with a volume of 2,523,074 shares.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group raised shares of SoftBank Group from an “underperform” rating to a “hold” rating in a research report on Wednesday, October 28th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.
Read Our Latest Report on SFTBY
SoftBank Group Price Performance
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 market capitalization of $133.09 billion, a PE ratio of 4.11 and a beta of 2.07. The company has a fifty day moving average price of $17.43 and a two-hundred day moving average price of $16.72.
SoftBank Group (OTCMKTS:SFTBY – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. SoftBank Group had a return on equity of 26.14% and a net margin of 62.60%. The firm had revenue of $12.82 billion for the quarter, compared to the consensus estimate of $12.23 billion. Sell-side analysts forecast that SoftBank Group Corp. Unsponsored ADR will post -0.34 earnings per share for the current year.
SoftBank Group Company Profile
SoftBank Group is a Japan-based holding company focused on technology businesses and investments. Founded in 1981 by Masayoshi Son, it began as a software distributor and expanded into telecommunications and a broad portfolio of technology-related businesses.
The group’s activities include operating and investing in companies involved in mobile and broadband communications, internet services, artificial intelligence, semiconductors, and other technology fields. Its portfolio includes Arm, a semiconductor and software-design company, and it invests in businesses through vehicles such as the SoftBank Vision Funds.
SoftBank Group has operations and investments across Japan and international markets.
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