SoftwareOne (OTCMKTS:SWONF) Trading Down 10.4% – Time to Sell?

SoftwareOne Holding AG (OTCMKTS:SWONF) traded down 10.4% during trading on Wednesday . The company traded as low as $10.48 and last traded at $10.48. Approximately 300 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 5,922 shares. The stock had previously closed at $11.70.

Analyst Ratings Changes

SWONF has been the subject of a number of research analyst reports. BNP Paribas Exane raised shares of SoftwareOne to an “outperform” rating in a report on Monday, June 15th. Citigroup restated a “neutral” rating on shares of SoftwareOne in a research report on Monday, June 8th. Finally, UBS Group reiterated a “buy” rating on shares of SoftwareOne in a report on Friday, August 28th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently 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 firm has a 50 day moving average price of $11.09 and a 200-day moving average price of $9.98.

SoftwareOne Company Profile

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.