SoftBank Group (OTCMKTS:SFTBY) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $63.09 and traded as low as $56.25. SoftBank Group shares last traded at $56.70, with a volume of 287,887 shares traded.

Wall Street Analysts Forecast Growth

Separately, New Street Research cut shares of SoftBank Group from a “buy” rating to a “neutral” rating in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

SoftBank Group Trading Down 0.4%

The firm has a market capitalization of $161.93 billion, a PE ratio of 7.79 and a beta of 1.47. The company’s 50-day moving average price is $63.09 and its 200-day moving average price is $55.08. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.90 and a current ratio of 0.92.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings results on Tuesday, November 11th. The technology company reported $5.93 EPS for the quarter, beating the consensus estimate of $0.55 by $5.38. The company had revenue of $12.44 billion for the quarter, compared to analyst estimates of $12.61 billion. SoftBank Group had a net margin of 41.42% and a return on equity of 20.96%. On average, sell-side analysts expect that SoftBank Group Corp. Unsponsored ADR will post 2.22 earnings per share for the current year.

SoftBank Group Company Profile

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.