SoftBank Group (OTCMKTS:SFTBY) Stock Crosses Below 200-Day Moving Average – What’s Next?

SoftBank Group Corp. (OTCMKTS:SFTBY)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $29.78 and traded as low as $27.50. SoftBank Group shares last traded at $28.19, with a volume of 527,123 shares changing hands.

SoftBank Group Stock Performance

The stock has a market capitalization of $82.88 billion, a P/E ratio of 5.64 and a beta of 1.16. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.82. The business has a fifty day moving average price of $29.83 and a 200-day moving average price of $29.78.

SoftBank Group Company Profile

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.