SoftBank Group (OTCMKTS:SFTBY) Share Price Passes Below 200-Day Moving Average – Here’s Why

SoftBank Group Corp. (OTCMKTS:SFTBY) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.56 and traded as low as $26.70. SoftBank Group shares last traded at $27.14, with a volume of 457,656 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut SoftBank Group from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

SoftBank Group Trading Up 0.9 %

The firm has a fifty day simple moving average of $29.70 and a two-hundred day simple moving average of $29.56. The stock has a market cap of $79.79 billion, a PE ratio of 13.64 and a beta of 1.29. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.82.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported ($0.83) earnings per share for the quarter. SoftBank Group had a net margin of 12.74% and a return on equity of 6.65%. As a group, equities analysts expect that SoftBank Group Corp. will post 2.22 earnings per share for the current fiscal year.

SoftBank Group Company Profile

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.