SoftBank Stock On the Move After Today's News

By Susan Ramirez • Tuesday, December 06 12:10 • Permanent Link

Today Barrons is reporting: "SoftBank Group shares are edging lower after J.P. Morgan analyst Haruka Mori turned cautious on the Japan-based technology holding company, citing continued uncertainty around the pre-IPO holdings in the company's giant Vision Fund venture-capital portfolios." For full coverage click here. Shares of the Soft Bank Communication Services company have not moved much on the news as of the afternoon trading session, and are currently trading at $43.52.

SoftBank Group Corp. provides telecommunication services in Japan and internationally. The company belongs to the Communication Services sector, which has an average price to earnings (P/E) ratio of 18.65 and an average price to book (P/B) ratio of 2.62. In contrast, Series([], ) has a trailing 12 month P/E ratio of 5.1 and a P/B ratio of 0.0.

SoftBank has moved -11.9% over the last year compared to -14.7% for the S&P 500 -- a difference of 2.8%. SoftBank has a 52 week high of $50.27 and a 52 week low of $33.54.

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