SoftBank Group (OTCMKTS:SFTBY) Stock Passes Below 200 Day Moving Average – Time to Sell?

SoftBank Group Corp. (OTCMKTS:SFTBY) passed 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 changing hands.

Wall Street Analyst Weigh In

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

SoftBank Group Price Performance

The firm has a market cap of $80.59 billion, a PE ratio of 13.77 and a beta of 1.29. The firm’s fifty day simple moving average is $29.42 and its two-hundred day simple moving average is $29.52. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.82.

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 return on equity of 6.65% and a net margin of 12.74%. As a group, research analysts expect that SoftBank Group Corp. will post 2.22 EPS for the current year.

SoftBank Group Company Profile

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.