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

SoftwareOne logo with Computer and Technology background

Key Points

  • SoftwareOne shares experienced a significant gap down, opening at $9.93 after closing at $10.40 the previous trading day.
  • Citi reiterated a "neutral" rating for SoftwareOne, contributing to an average rating of "Hold" from market analysts.
  • The company reported a current ratio of 0.95 and a solid debt-to-equity ratio of 0.06, indicating a stable financial position.
  • MarketBeat previews top five stocks to own in October.

SoftwareOne Holding AG (OTCMKTS:SWONF - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $10.40, but opened at $9.93. SoftwareOne shares last traded at $9.93, with a volume of 179 shares changing hands.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on SWONF

SoftwareOne Stock Performance

The company's 50 day moving average price is $8.97 and its 200-day moving average price is $8.27. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.06.

About SoftwareOne

(Get Free Report)

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.

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