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

Shares of SoftBank Group Corp. (OTCMKTS:SFTBY) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 SoftBank Group from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

SoftBank Group Trading Down 1.6 %

The stock has a market cap of $77.20 billion, a price-to-earnings ratio of 13.20 and a beta of 1.29. The business’s 50 day simple moving average is $29.30 and its 200 day simple moving average is $29.48. 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 quarterly earnings data on Wednesday, February 12th. The technology company reported ($0.83) EPS for the quarter. SoftBank Group had a net margin of 12.74% and a return on equity of 6.65%. On average, research analysts expect 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.