SoftBank Group Corp. (OTCMKTS:SFTBY - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.67 and traded as low as $28.07. SoftBank Group shares last traded at $28.21, with a volume of 355,092 shares changing hands.
Analysts Set New Price Targets
Separately, Jefferies Financial Group lowered SoftBank Group from a "buy" rating to a "hold" rating in a research note on Friday, December 20th.
Read Our Latest Research Report on SFTBY
SoftBank Group Stock Performance
The stock has a 50 day moving average price of $30.09 and a two-hundred day moving average price of $29.69. The company has a market capitalization of $76.97 billion, a price-to-earnings ratio of 13.16 and a beta of 1.14. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.68 and a quick ratio of 0.67.
SoftBank Group (OTCMKTS:SFTBY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported ($0.83) earnings per share (EPS) for the quarter. SoftBank Group had a net margin of 12.74% and a return on equity of 6.65%. On average, analysts predict that SoftBank Group Corp. will post 2.22 EPS for the current fiscal year.
About SoftBank Group
(
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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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