SoftBank Group (OTCMKTS:SFTBY) Share Price Crosses Below 200 Day Moving Average – Here’s Why

SoftBank Group Corp. (OTCMKTS:SFTBY)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.65 and traded as low as $26.30. SoftBank Group shares last traded at $27.46, with a volume of 662,350 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lowered shares of 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 current ratio of 0.68 and a quick ratio of 0.67. The company has a fifty day moving average price of $30.02 and a 200 day moving average price of $29.66. The company has a market capitalization of $80.73 billion, a P/E ratio of 13.80 and a beta of 1.29.

SoftBank Group (OTCMKTS:SFTBY) last issued its quarterly earnings data 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 forecast 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.