SoftBank Group (OTCMKTS:SFTBY) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

SoftBank Group Corp. (OTCMKTS:SFTBY - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $29.52 and traded as low as $27.07. SoftBank Group shares last traded at $27.41, with a volume of 424,376 shares traded.

Analyst Ratings Changes

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

SoftBank Group Price Performance

The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.68. The firm has a market capitalization of $75.50 billion, a PE ratio of 12.90 and a beta of 1.29. The stock has a fifty day moving average price of $29.22 and a 200-day moving average price of $29.48.

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

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.