SoftBank Group (OTCMKTS:SFTBY) Trading Down 8.2% – Should You Sell?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s stock price dropped 8.2% during mid-day trading on Wednesday . The stock traded as low as $25.08 and last traded at $25.14. Approximately 477,309 shares were traded during trading, a decline of 80% from the average daily volume of 2,405,896 shares. The stock had previously closed at $27.38.

Wall Street Analyst Weigh In

SFTBY has been the subject of several recent research reports. Jefferies Financial Group lowered SoftBank Group from a “hold” rating to an “underperform” rating in a report on Thursday, March 12th. Sanford C. Bernstein initiated coverage on SoftBank Group in a report on Monday, May 18th. They set an “outperform” rating for the company. Cantor Fitzgerald initiated coverage on SoftBank Group in a report on Monday, March 9th. They set an “overweight” rating for the company. Deutsche Bank Aktiengesellschaft lowered SoftBank Group from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Zacks Research upgraded SoftBank Group to a “hold” rating in a report on Tuesday, March 10th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

SoftBank Group Trading Down 9.8%

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 fifty day moving average of $17.27 and a 200-day moving average of $14.82. The firm has a market capitalization of $269.94 billion, a PE ratio of 8.16 and a beta of 1.79.

SoftBank Group (OTCMKTS:SFTBY) last posted its earnings results on Wednesday, May 13th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.86. SoftBank Group had a return on equity of 30.38% and a net margin of 64.12%.The company had revenue of $13.17 billion for the quarter, compared to analyst estimates of $12.54 billion. On average, sell-side analysts anticipate that SoftBank Group Corp. Unsponsored ADR will post 0.02 earnings per share for the current fiscal year.

About SoftBank Group

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.