SoftBank Group (OTCMKTS:SFTBY) Reaches New 12-Month Low – Here’s Why

by · The Cerbat Gem

Shares of SoftBank Group Corp. (OTCMKTS:SFTBY – Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $20.60 and last traded at $20.95, with a volume of 847508 shares traded. The stock had previously closed at $23.44.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on SFTBY

SoftBank Group Trading Down 10.6 %

The company has a debt-to-equity ratio of 0.82, a current ratio of 0.68 and a quick ratio of 0.67. The stock’s 50-day moving average price is $28.65 and its 200 day moving average price is $29.34. The firm has a market capitalization of $61.59 billion, a PE ratio of 10.53 and a beta of 1.29.

SoftBank Group (OTCMKTS:SFTBY – Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported ($0.83) earnings per share for the quarter. SoftBank Group had a return on equity of 6.65% and a net margin of 12.74%. On average, sell-side analysts expect that SoftBank Group Corp. will post 2.22 EPS for the current fiscal year.

SoftBank Group Company Profile

(Get Free Report)

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.

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