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SoftBank Group (OTCMKTS:SFTBY) Shares Cross Below 200 Day Moving Average - Here's Why

SoftBank Group logo with Computer and Technology background

SoftBank Group Corp. (OTCMKTS:SFTBY - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $28.72 and traded as low as $22.90. SoftBank Group shares last traded at $23.19, with a volume of 638,858 shares changing hands.

SoftBank Group Trading Down 0.6 %

The company has a debt-to-equity ratio of 0.82, a current ratio of 0.68 and a quick ratio of 0.67. The stock has a market cap of $74.68 billion, a P/E ratio of 12.76 and a beta of 1.24. The firm's fifty day moving average price is $25.98 and its two-hundred day moving average price is $28.61.

SoftBank Group (OTCMKTS:SFTBY - Get Free Report) last issued 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%. As a group, equities research analysts forecast that SoftBank Group Corp. will post 2.22 EPS 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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