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

SoftBank Group Corp. (OTCMKTS:SFTBY) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $28.99 and traded as low as $22.41. SoftBank Group shares last traded at $33.83, with a volume of 1,205,689 shares traded.

Analysts Set New Price Targets

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

SoftBank Group Stock Performance

The firm’s fifty day moving average price is $27.45 and its 200 day moving average price is $28.99. The firm has a market cap of $99.46 billion, a P/E ratio of 17.00 and a beta of 1.24. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.68.

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%. Sell-side 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.