SoftBank Group (OTCMKTS:SFTBY) Shares Pass Above 50-Day Moving Average – Should You Sell?

SoftBank Group Corp. (OTCMKTS:SFTBY)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $29.21 and traded as high as $30.49. SoftBank Group shares last traded at $30.27, with a volume of 190,989 shares trading hands.

SoftBank Group Stock Down 0.7 %

The firm has a market cap of $88.99 billion, a price-to-earnings ratio of 336.37 and a beta of 1.16. The firm has a 50 day moving average of $29.21 and a 200 day moving average of $29.22. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.82.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.40) EPS for the quarter. SoftBank Group had a return on equity of 0.50% and a net margin of 0.92%. The company had revenue of $10.92 billion for the quarter. As a group, sell-side analysts predict that SoftBank Group Corp. will post 2.13 earnings per share for the current 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.