Sony Group (NYSE:SONY) Sets New 12-Month Low at $71.22

Shares of Sony Group Co. (NYSE:SONYGet Rating) reached a new 52-week low on Monday . The company traded as low as $71.22 and last traded at $71.47, with a volume of 2292 shares trading hands. The stock had previously closed at $71.88.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SONY shares. The Goldman Sachs Group started coverage on Sony Group in a research report on Wednesday, September 7th. They set a “neutral” rating on the stock. TheStreet cut Sony Group from a “b-” rating to a “c+” rating in a research report on Tuesday, July 5th. Citigroup cut Sony Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 5th. Finally, Macquarie raised Sony Group from a “neutral” rating to an “outperform” rating in a research note on Friday, July 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Sony Group currently has a consensus rating of “Hold” and a consensus target price of $125.00.

Sony Group Price Performance

The firm has a 50 day moving average of $81.90 and a 200-day moving average of $87.79. The company has a market cap of $88.04 billion, a P/E ratio of 11.65, a P/E/G ratio of 2.20 and a beta of 0.89. The company has a current ratio of 0.60, a quick ratio of 0.47 and a debt-to-equity ratio of 0.17.

Sony Group (NYSE:SONYGet Rating) last issued its earnings results on Friday, July 29th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.20. The company had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $19.36 billion. Sony Group had a return on equity of 11.54% and a net margin of 8.91%. On average, equities research analysts predict that Sony Group Co. will post 5.09 EPS for the current year.

Institutional Trading of Sony Group

Large investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC bought a new stake in Sony Group in the 2nd quarter worth approximately $25,000. DeDora Capital Inc. bought a new stake in Sony Group in the 1st quarter worth approximately $38,000. Nvwm LLC increased its position in shares of Sony Group by 8,800.0% during the 1st quarter. Nvwm LLC now owns 445 shares of the company’s stock valued at $46,000 after purchasing an additional 440 shares during the last quarter. Hexagon Capital Partners LLC increased its position in shares of Sony Group by 96.0% during the 2nd quarter. Hexagon Capital Partners LLC now owns 588 shares of the company’s stock valued at $48,000 after purchasing an additional 288 shares during the last quarter. Finally, Private Trust Co. NA bought a new position in shares of Sony Group during the 2nd quarter valued at approximately $51,000. Institutional investors own 7.69% of the company’s stock.

About Sony Group

(Get Rating)

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home and portable game consoles, packaged software, and peripheral devices.

Recommended Stories

Receive News & Ratings for Sony Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sony Group and related companies with MarketBeat.com's FREE daily email newsletter.