SoftwareOne (OTCMKTS:SWONF) Shares Gap Up – Still a Buy?

Shares of SoftwareOne Holding AG (OTCMKTS:SWONF) gapped up before the market opened on Friday. The stock had previously closed at $10.48, but opened at $11.60. SoftwareOne shares last traded at $11.60, with a volume of 1,000 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, UBS Group reiterated a “buy” rating on shares of SoftwareOne in a research note on Friday, August 28th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

SoftwareOne Trading Up 10.7%

The firm’s 50-day moving average is $11.08 and its 200-day moving average is $10.22.

About SoftwareOne

SoftwareOne is a Switzerland-based provider of software and cloud technology solutions. The company helps organizations acquire, manage and optimize software licenses and cloud services, while also providing consulting and technology expertise to support digital transformation initiatives.

Its services include software procurement and licensing advisory, cloud migration and modernization, cloud cost management, cybersecurity, application services and managed IT services. SoftwareOne works with major enterprise technology providers and helps customers manage technology environments across on-premises, cloud and hybrid infrastructures.

Founded in 2000, SoftwareOne serves businesses and public-sector organizations internationally through operations across multiple regions, including Europe, North America, Latin America and Asia-Pacific.