SoftBank Group (OTCMKTS:SFTBY) Shares Gap Down – Should You Sell?

Shares of SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY) gapped down before the market opened on Wednesday . The stock had previously closed at $15.88, but opened at $15.38. SoftBank Group shares last traded at $15.57, with a volume of 314,348 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. TD Cowen reiterated a “hold” rating on shares of SoftBank Group in a research note on Thursday, May 14th. Deutsche Bank Aktiengesellschaft raised shares of SoftBank Group from a “hold” rating to a “buy” rating in a report on Friday, June 26th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of SoftBank Group in a research report on Wednesday, June 17th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

SoftBank Group Stock Performance

The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average price of $17.49 and a two-hundred day moving average price of $16.82. The stock has a market cap of $177.92 billion, a P/E ratio of 5.50 and a beta of 1.89.

SoftBank Group (OTCMKTS:SFTBY) last issued its earnings results on Thursday, August 6th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.12. SoftBank Group had a return on equity of 26.38% and a net margin of 62.60%.The company had revenue of $12.82 billion for the quarter, compared to the consensus estimate of $12.23 billion. On average, sell-side analysts forecast that SoftBank Group Corp. Unsponsored ADR will post -0.34 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.