SoftwareOne (OTCMKTS:SWONF) Shares Gap Down – Here’s What Happened
by Kim Johansen · The Markets DailySoftwareOne Holding AG (OTCMKTS:SWONF – Get Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $8.50, but opened at $7.7525. SoftwareOne shares last traded at $7.7525, with a volume of 200 shares traded.
Analysts Set New Price Targets
Separately, Morgan Stanley lowered SoftwareOne to an “underweight” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce”.
View Our Latest Stock Analysis on SoftwareOne
SoftwareOne Trading Down 8.8%
The company’s 50-day simple moving average is $9.09 and its 200-day simple moving average is $10.05.
About SoftwareOne
SoftwareOne (OTCMKTS:SWONF) is a global provider of end-to-end software and cloud portfolio solutions, helping organizations optimize their software licensing, cloud migrations and ongoing digital transformation initiatives. The company partners with leading software publishers, hyperscalers and managed service providers to deliver advisory, procurement and lifecycle management services under a unified engagement model. Its platform-agnostic approach enables clients to simplify complex licensing scenarios, reduce costs and improve governance across on-premises, cloud and hybrid environments.
Founded in 1985 in Stans, Switzerland, SoftwareOne has expanded through organic growth and strategic acquisitions to establish a presence in more than 90 countries worldwide.