SoftwareOne (OTCMKTS:SWONF) Shares Gap Up – Time to Buy?

Shares of SoftwareOne Holding AG (OTCMKTS:SWONF) gapped up prior to trading on Wednesday . The stock had previously closed at $9.79, but opened at $10.30. SoftwareOne shares last traded at $10.30, with a volume of 470 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SWONF. Citigroup restated a “neutral” rating on shares of SoftwareOne in a research report on Monday, June 8th. BNP Paribas Exane raised SoftwareOne to an “outperform” rating in a report on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of SoftwareOne in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

SoftwareOne Stock 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 fifty day moving average price of $10.28 and a 200 day moving average price of $9.60.

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.