SoftBank Group (OTCMKTS:SFTBY) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Posted by ABMN Staff on Jan 7th, 2025

SoftBank Group Corp. (OTCMKTS:SFTBY – Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $29.55 and traded as low as $29.00. SoftBank Group shares last traded at $29.94, with a volume of 672,990 shares.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on SFTBY

SoftBank Group Stock Up 0.9 %

The company has a market cap of $88.02 billion, a P/E ratio of 5.99 and a beta of 1.14. The firm’s 50 day moving average price is $29.55 and its two-hundred day moving average price is $29.96. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.78 and a current ratio of 0.68.

About SoftBank Group

(Get Free Report)

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.