SoftBank Group (OTCMKTS:SFTBY) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

SoftBank Group Corp. Unsponsored ADR (OTCMKTS:SFTBY)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.93 and traded as low as $10.55. SoftBank Group shares last traded at $10.91, with a volume of 1,940,407 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Jefferies Financial Group lowered shares of SoftBank Group from a “hold” rating to an “underperform” rating in a research report on Thursday, March 12th. Zacks Research upgraded SoftBank Group to a “hold” rating in a research note on Tuesday, March 10th. BTIG Research began coverage on SoftBank Group in a report on Monday, January 5th. They issued a “buy” rating on the stock. Citigroup began coverage on SoftBank Group in a research note on Monday, January 5th. They issued a “buy” rating on the stock. Finally, Cantor Fitzgerald initiated coverage on SoftBank Group in a research report on Monday, March 9th. They set an “overweight” rating for the company. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, SoftBank Group has a consensus rating of “Hold”.

SoftBank Group Stock Down 3.2%

The company has a market capitalization of $124.63 billion, a P/E ratio of 5.03 and a beta of 1.46. The company has a 50-day moving average of $13.09 and a two-hundred day moving average of $14.93. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.96.

SoftBank Group (OTCMKTS:SFTBY) last posted its quarterly earnings data on Thursday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. SoftBank Group had a return on equity of 23.66% and a net margin of 48.62%.The business had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $12.44 billion. On average, research analysts predict that SoftBank Group Corp. Unsponsored ADR will post 2.22 EPS for the current year.

SoftBank Group Company Profile

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.