SoftBank Group (OTCMKTS:SFTBY) Hits New 52-Week Low – Time to Sell?

SoftBank Group Corp. (OTCMKTS:SFTBY) shares hit a new 52-week low on Friday . The stock traded as low as $20.60 and last traded at $20.95, with a volume of 847508 shares. The stock had previously closed at $23.44.

Wall Street Analysts Forecast Growth

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

SoftBank Group Stock Down 10.6 %

The company has a market cap of $61.59 billion, a P/E ratio of 10.53 and a beta of 1.29. The stock has a 50-day moving average of $28.65 and a two-hundred day moving average of $29.34. 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 announced its quarterly earnings results on Wednesday, February 12th. The technology company reported ($0.83) earnings per share (EPS) for the quarter. SoftBank Group had a return on equity of 6.65% and a net margin of 12.74%. On average, research analysts anticipate 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.