Shares of SoftBank Corp. (OTCMKTS:SFBQF – Get Free Report) crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $1.50 and traded as high as $1.52. SoftBank shares last traded at $1.5050, with a volume of 3,610 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group raised SoftBank to a “buy” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, SoftBank currently has a consensus rating of “Buy”.
Check Out Our Latest Stock Analysis on SFBQF
SoftBank Price Performance
The business’s 50-day simple moving average is $1.50 and its 200-day simple moving average is $1.39.
SoftBank Company Profile
SoftBank Group Corp. is a Japan-based holding company with businesses spanning telecommunications, technology and investment. Founded by Masayoshi Son in 1981 as a software distributor, it expanded into publishing, internet services and telecommunications before developing its current global investment focus.
The group’s activities include Japanese telecommunications through SoftBank Corp., which provides mobile and broadband services, and ownership of Arm, a semiconductor and software design company whose technologies are used in products worldwide.
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