SoftwareOne (OTCMKTS:SWONF) Shares Gap Down – Here’s What Happened

Shares of SoftwareOne Holding AG (OTCMKTS:SWONF) gapped down before the market opened on Tuesday . The stock had previously closed at $11.70, but opened at $11.2180. SoftwareOne shares last traded at $11.2180, with a volume of 1,000 shares.

Wall Street Analysts Forecast Growth

SWONF has been the subject of several research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of SoftwareOne in a research note on Monday, June 8th. UBS Group reaffirmed a “buy” rating on shares of SoftwareOne in a report on Friday, August 28th. Finally, BNP Paribas Exane raised SoftwareOne to an “outperform” rating in a research note on Monday, June 15th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, SoftwareOne has a consensus rating of “Hold”.

SoftwareOne Price Performance

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average price is $11.06 and its 200 day moving average price is $9.96.

About SoftwareOne

SoftwareOne Holding AG is a Switzerland-based provider of software and cloud technology solutions. The company helps organizations acquire, manage, optimize and modernize their software environments, with services covering software licensing, cloud adoption, application modernization, cybersecurity and technology consulting.

Its offerings include software asset management, cloud migration and management, FinOps, managed services, and solutions for modern workplace and business applications.