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SoftBank Group (OTCMKTS:SFTBY) Shares Cross Above 50-Day Moving Average - Here's Why

SoftBank Group logo with Computer and Technology background

Shares of 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 $29.58 and traded as high as $31.00. SoftBank Group shares last traded at $30.50, with a volume of 1,018,452 shares.

SoftBank Group Stock Performance

The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.78 and a current ratio of 0.79. The firm has a market cap of $90.99 billion, a P/E ratio of 338.89 and a beta of 1.16. The firm's fifty day moving average price is $29.60 and its 200 day moving average price is $29.61.

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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