SoftwareOne (OTCMKTS:SWONF) Shares Gap Up – Still a Buy?

Shares of SoftwareOne Holding AG (OTCMKTS:SWONF) gapped up before the market opened on Wednesday . The stock had previously closed at $10.60, but opened at $11.32. SoftwareOne shares last traded at $11.32, with a volume of 6,000 shares.

Wall Street Analysts Forecast Growth

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

SoftwareOne Stock Performance

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 has a fifty day moving average price of $10.42 and a two-hundred day moving average price of $9.62.

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.