SoftBank Group (OTCMKTS:SFTBY) Shares Pass Below 200 Day Moving Average – Should You Sell?

Shares of SoftBank Group Corp. (OTCMKTS:SFTBY) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $30.18 and traded as low as $29.63. SoftBank Group shares last traded at $29.80, with a volume of 462,186 shares changing hands.

SoftBank Group Stock Down 5.2 %

The company has a current ratio of 0.68, a quick ratio of 0.78 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average price of $29.83 and a 200-day moving average price of $30.18. The firm has a market cap of $87.61 billion, a price-to-earnings ratio of 5.96 and a beta of 1.15.

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.