SoftwareOne (OTCMKTS:SWONF) Shares Gap Down – What’s Next?

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 trading hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SWONF shares. UBS Group reiterated a “buy” rating on shares of SoftwareOne in a research note on Friday, August 28th. BNP Paribas Exane upgraded SoftwareOne to an “outperform” rating in a report on Monday, June 15th. Finally, Citigroup reiterated a “neutral” rating on shares of SoftwareOne in a research report on Monday, June 8th. 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 data from MarketBeat.com, the stock presently has an average rating of “Hold”.

SoftwareOne Stock Performance

The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.91 and a current ratio of 0.91. The business has a 50-day moving average price of $11.06 and a two-hundred day moving average price of $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.