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

Key Points

• SoftwareOne shares gapped up from a closing price of $8.50 to an opening price of $9.25 before trading, indicating increased investor interest.
• The company maintains a low debt-to-equity ratio of 0.05 and has quick and current ratios of 0.95, reflecting strong liquidity and financial stability.
• SoftwareOne specializes in providing software and cloud solutions across multiple regions including Europe, the US, and Asia Pacific, catering to various sectors from large enterprises to small businesses.

SoftwareOne Holding AG (OTCMKTS:SWONF - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $8.50, but opened at $9.25. SoftwareOne shares last traded at $9.25, with a volume of 152 shares changing hands.

Wall Street Analysts Forecast Growth

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

SoftwareOne Stock Performance

The firm has a 50-day simple moving average of $8.72 and a two-hundred day simple moving average of $7.92. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.95 and a current ratio of 0.95.

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.