SoftBank Group (OTCMKTS:SFTBY) Rating Lowered to Strong Sell at ValuEngine

SoftBank Group (OTCMKTS:SFTBY) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Thursday, ValuEngine reports.

Shares of SoftBank Group stock traded down $0.05 during mid-day trading on Thursday, hitting $25.77. 1,246,686 shares of the stock were exchanged, compared to its average volume of 838,039. SoftBank Group has a 12 month low of $15.54 and a 12 month high of $28.04. The firm’s 50-day moving average is $37.74. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $112.52 billion, a P/E ratio of 9.47 and a beta of 1.62.

SoftBank Group (OTCMKTS:SFTBY) last released its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.28) earnings per share for the quarter. SoftBank Group had a net margin of 14.59% and a return on equity of 17.93%. The business had revenue of $22.10 billion during the quarter.

About SoftBank Group

SoftBank Group Corp., together with its subsidiaries, operates in the information industry in Japan and internationally. The company operates through six segments: Domestic Telecommunications, Sprint, Yahoo Japan, Distribution, ARM, and SoftBank Vision Fund and Delta Fund. The Domestic Telecommunications segment provides mobile communications and broadband services; and telecom services, such as data communications and fixed-line telephone services to corporate customers, as well as sells mobile devices.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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