SoftBank Group (OTCMKTS:SFTBY) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

SoftBank Group Corp. (OTCMKTS:SFTBY)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.56 and traded as low as $26.70. SoftBank Group shares last traded at $27.14, with a volume of 457,656 shares traded.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered 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 cap of $76.79 billion, a P/E ratio of 13.13 and a beta of 1.29. The company has a 50-day moving average of $29.64 and a 200 day moving average of $29.54.

SoftBank Group (OTCMKTS:SFTBY) last posted 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%. On average, sell-side analysts anticipate that SoftBank Group Corp. will post 2.22 EPS for the current year.

About SoftBank Group

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.