SoftwareOne (OTCMKTS:SWONF) Stock Falls 10.4% – Here’s Why

Shares of SoftwareOne Holding AG (OTCMKTS:SWONF) fell 10.4% on Wednesday. The stock traded as low as $10.48 and last traded at $10.48. 300 shares changed 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 Upgrades and Downgrades

Several equities research analysts have commented on SWONF shares. UBS Group restated a “buy” rating on shares of SoftwareOne in a research note on Friday, August 28th. BNP Paribas Exane raised shares of SoftwareOne to an “outperform” rating in a research report on Monday, June 15th. Finally, Citigroup restated 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 issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, SoftwareOne currently has a consensus rating of “Hold”.

SoftwareOne Price Performance

The stock has a 50 day simple moving average of $11.09 and a two-hundred day simple moving average of $10.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.91 and a quick ratio of 0.91.

SoftwareOne Company Profile

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.