SoftwareOne (OTCMKTS:SWONF) Shares Gap Up - Here's What Happened

Key Points

• SoftwareOne Holding AG shares experienced a significant increase, opening at $10.00 after previously closing at $9.00.
• The stock currently holds an average rating of "Hold", as reaffirmed by Citigroup in a recent research note.
• SoftwareOne specializes in software and cloud solutions, serving a diverse range of clients including large enterprises and public sector organizations across multiple regions.

SoftwareOne Holding AG (OTCMKTS:SWONF - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $9.00, but opened at $10.00. SoftwareOne shares last traded at $10.00, with a volume of 200 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Citigroup reaffirmed a "neutral" rating on shares of SoftwareOne in a research note on Tuesday, September 2nd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold".

SoftwareOne Stock Up 11.1%

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average price of $8.69 and a two-hundred day moving average price of $7.95.

About SoftwareOne

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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