SoftBank Group (OTCMKTS:SFTBY) Shares Gap Up – Here’s Why

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped up before the market opened on Tuesday . The stock had previously closed at $72.40, but opened at $77.54. SoftBank Group shares last traded at $74.67, with a volume of 164,444 shares.

Wall Street Analyst Weigh In

Separately, New Street Research downgraded SoftBank Group from a “buy” rating to a “neutral” rating in a research note on Thursday, September 25th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

SoftBank Group Trading Up 1.5%

The firm has a fifty day moving average of $69.04 and a 200-day moving average of $47.17. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.82 and a current ratio of 0.84. The stock has a market capitalization of $216.03 billion, a price-to-earnings ratio of 18.14 and a beta of 1.37.

About SoftBank Group

SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.