SoftBank Group (OTCMKTS:SFTBY) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

SoftBank Group Corp. (OTCMKTS:SFTBY)’s stock price passed 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 traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group downgraded shares of SoftBank Group from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

SoftBank Group Stock Down 3.9 %

The firm has a market cap of $82.94 billion, a PE ratio of 14.18 and a beta of 1.14. The stock has a 50 day simple moving average of $30.19 and a 200-day simple moving average of $29.67. 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) last announced 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 return on equity of 6.65% and a net margin of 12.74%. Sell-side analysts predict that SoftBank Group Corp. will post 2.22 EPS for the current fiscal 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.