SoftBank Group (OTCMKTS:SFTBY) Stock Passes Below 200-Day Moving Average – Should You Sell?

SoftBank Group Corp. (OTCMKTS:SFTBY) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.32 and traded as low as $29.10. SoftBank Group shares last traded at $29.86, with a volume of 249,679 shares changing hands.

SoftBank Group Price Performance

The stock has a market capitalization of $87.79 billion, a price-to-earnings ratio of 331.78 and a beta of 1.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.78 and a current ratio of 0.79. The company has a fifty day simple moving average of $29.43 and a two-hundred day simple moving average of $29.34.

SoftBank Group (OTCMKTS:SFTBY) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.40) earnings per share for the quarter. The company had revenue of $10.92 billion during the quarter. SoftBank Group had a net margin of 0.92% and a return on equity of 0.50%. As a group, equities research analysts expect that SoftBank Group Corp. will post 2.13 earnings per share 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.