SoftwareOne (OTCMKTS:SWONF) Shares Gap Down - What's Next?

Key Points

• SoftwareOne shares gapped down from $10.81 to $10.20, closing at $10.20 with a trading volume of 1,268 shares.
• Analysts from Citigroup have maintained a "neutral" rating, contributing to a consensus rating of "Hold" from two research analysts.
• The company serves various sectors, providing software and cloud solutions globally, including large enterprises and public sector organizations.

Shares of SoftwareOne Holding AG (OTCMKTS:SWONF - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $10.81, but opened at $10.20. SoftwareOne shares last traded at $10.20, with a volume of 1,268 shares.

Wall Street Analyst Weigh In

Separately, Citigroup reaffirmed a "neutral" rating on shares of SoftwareOne in a report on Tuesday, September 2nd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

SoftwareOne Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 0.95 and a quick ratio of 0.95. The stock's fifty day simple moving average is $8.86 and its two-hundred day simple moving average is $8.16.

SoftwareOne Company Profile

SoftwareONE Holding AG provides software and cloud solutions in Switzerland, Europe, the Middle East, Africa, the United States, Canada, Latin America, and the Asia Pacific. The company develops and delivers the technology solutions that modernise applications and software in the cloud. It serves large enterprises, corporates, small and medium-sized enterprises, and public sector organizations.