SoftwareOne (OTCMKTS:SWONF) Shares Down 10.4% – Here’s Why

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

Analyst Ratings Changes

Several research analysts have issued reports on SWONF shares. Citigroup reiterated a “neutral” rating on shares of SoftwareOne in a report on Monday, June 8th. UBS Group reiterated a “buy” rating on shares of SoftwareOne in a research note on Friday, August 28th. Finally, BNP Paribas Exane raised shares of SoftwareOne to an “outperform” rating in a research note on Monday, June 15th. Two equities 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

SoftwareOne Stock Down 10.4%

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.59. The company’s 50-day simple moving average is $11.09 and its 200 day simple moving average is $9.98.

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.