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

Shares of SoftwareOne Holding AG (OTCMKTS:SWONF) gapped down before the market opened on Monday . The stock had previously closed at $11.04, but opened at $9.7650. SoftwareOne shares last traded at $9.7650, with a volume of 1,200 shares traded.

Wall Street Analyst Weigh In

SWONF has been the subject of a number of research analyst reports. BNP Paribas Exane upgraded SoftwareOne to an “outperform” rating in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SoftwareOne in a report on Friday, May 22nd. Finally, Citigroup reissued a “neutral” rating on shares of SoftwareOne in a research report on Monday, June 8th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

SoftwareOne Stock Down 11.5%

The company has a fifty day simple moving average of $9.75 and a 200 day simple moving average of $9.76.

About SoftwareOne

SoftwareOne (OTCMKTS:SWONF) is a global provider of end-to-end software and cloud portfolio solutions, helping organizations optimize their software licensing, cloud migrations and ongoing digital transformation initiatives. The company partners with leading software publishers, hyperscalers and managed service providers to deliver advisory, procurement and lifecycle management services under a unified engagement model. Its platform-agnostic approach enables clients to simplify complex licensing scenarios, reduce costs and improve governance across on-premises, cloud and hybrid environments.

Founded in 1985 in Stans, Switzerland, SoftwareOne has expanded through organic growth and strategic acquisitions to establish a presence in more than 90 countries worldwide.