SoftBank Group (OTCMKTS:SFTBY) Shares Cross Below 200-Day Moving Average – Here’s What Happened

SoftBank Group Corp. (OTCMKTS:SFTBY)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $29.52 and traded as low as $27.07. SoftBank Group shares last traded at $27.41, with a volume of 424,376 shares.

Wall Street Analyst Weigh In

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

SoftBank Group Stock Down 0.4 %

The company’s 50 day simple moving average is $29.42 and its 200-day simple moving average is $29.52. The firm has a market cap of $80.59 billion, a P/E ratio of 13.77 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 (EPS) for the quarter. SoftBank Group had a return on equity of 6.65% and a net margin of 12.74%. Research analysts forecast 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.