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SoftBank Group (OTCMKTS:SFTBY) Stock Crosses Above 50 Day Moving Average - What's Next?

SoftBank Group logo with Computer and Technology background

SoftBank Group Corp. (OTCMKTS:SFTBY - Get Free Report) 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 changing hands.

SoftBank Group Trading Down 1.4 %

The company's fifty day moving average price is $29.26 and its two-hundred day moving average price is $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. The company has a market cap of $87.73 billion, a price-to-earnings ratio of -40.88 and a beta of 1.16.

SoftBank Group (OTCMKTS:SFTBY - Get Free Report) last announced its earnings results on Wednesday, August 7th. The technology company reported ($0.40) earnings per share for the quarter. The business had revenue of $10.92 billion during the quarter. SoftBank Group had a net margin of 0.92% and a return on equity of 0.50%. Research analysts expect that SoftBank Group Corp. will post 2.13 earnings per share for the current year.

About SoftBank Group

(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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