SoftBank Group (OTCMKTS:SFTBY) Announces Quarterly Earnings Results

SoftBank Group (OTCMKTS:SFTBY - Get Free Report) announced its quarterly earnings results on Wednesday. The technology company reported ($0.83) earnings per share (EPS) for the quarter, Zacks reports. SoftBank Group had a net margin of 31.74% and a return on equity of 17.03%.

SoftBank Group Price Performance

SoftBank Group stock traded down $0.40 during midday trading on Friday, hitting $31.25. The company's stock had a trading volume of 429,487 shares, compared to its average volume of 1,010,957. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.82. The stock's 50-day moving average price is $30.21 and its 200-day moving average price is $29.47. SoftBank Group has a 12 month low of $22.35 and a 12 month high of $37.19. The company has a market capitalization of $91.87 billion, a PE ratio of 6.25 and a beta of 1.14.

Analyst Upgrades and Downgrades

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

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.