SoftwareOne (OTCMKTS:SWONF) Shares Gap Down – Should You Sell?

SoftwareOne Holding AG (OTCMKTS:SWONF) shares gapped down prior to trading 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 Analyst Weigh In

Several research firms have recently commented on SWONF. UBS Group reaffirmed a “buy” rating on shares of SoftwareOne in a report on Friday, August 28th. BNP Paribas Exane raised SoftwareOne to an “outperform” rating in a research note on Monday, June 15th. Finally, Citigroup reiterated a “neutral” rating on shares of SoftwareOne in a report on Monday, June 8th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

SoftwareOne Price Performance

The company has a 50 day moving average of $11.09 and a 200 day moving average of $9.99. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.59.

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.