SoftBank Group (OTCMKTS:SFTBY) Shares Gap Down – Time to Sell?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $21.75, but opened at $20.57. SoftBank Group shares last traded at $20.83, with a volume of 361,494 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have weighed in on SFTBY. Cantor Fitzgerald began coverage on shares of SoftBank Group in a research note on Monday, March 9th. They issued an “overweight” rating for the company. TD Cowen reaffirmed a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Sanford C. Bernstein began coverage on shares of SoftBank Group in a research note on Monday, May 18th. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft downgraded shares of SoftBank Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Finally, Zacks Research raised shares of SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SoftBank Group currently has an average rating of “Hold”.

SoftBank Group Stock Performance

The company has a debt-to-equity ratio of 0.96, a current ratio of 0.83 and a quick ratio of 0.81. The company has a market capitalization of $249.27 billion, a P/E ratio of 7.53 and a beta of 1.79. The stock’s 50 day simple moving average is $18.22 and its two-hundred day simple moving average is $15.05.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings results on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.86. The business had revenue of $13.17 billion during the quarter, compared to the consensus estimate of $12.54 billion. SoftBank Group had a net margin of 64.12% and a return on equity of 30.38%. As a group, research analysts expect that SoftBank Group Corp. Unsponsored ADR will post 0.02 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.