SoftBank Group (OTCMKTS:SFTBY) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Shares of SoftBank Group Corp. (OTCMKTS:SFTBY) 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 trading hands.

Analyst Ratings Changes

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

SoftBank Group Stock Performance

The stock’s fifty day moving average price is $29.30 and its two-hundred day moving average price is $29.48. The company has a market cap of $77.20 billion, a P/E ratio of 13.20 and a beta of 1.29. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.68.

SoftBank Group (OTCMKTS:SFTBY) last issued its earnings results on Wednesday, February 12th. The technology company reported ($0.83) earnings per share for the quarter. SoftBank Group had a net margin of 12.74% and a return on equity of 6.65%. As a group, equities analysts predict that SoftBank Group Corp. will post 2.22 earnings per share 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.