SoftwareOne (OTCMKTS:SWONF) Shares Down 2.4% – Here’s What Happened

SoftwareOne Holding AG (OTCMKTS:SWONF) dropped 2.4% during mid-day trading on Friday . The stock traded as low as $9.33 and last traded at $9.33. Approximately 200 shares changed hands during trading, a decline of 69% from the average daily volume of 636 shares. The stock had previously closed at $9.56.

Analysts Set New Price Targets

SWONF has been the subject of a number of analyst reports. Citigroup reissued a “neutral” rating on shares of SoftwareOne in a research report on Friday, November 14th. Morgan Stanley cut SoftwareOne to an “underweight” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, SoftwareOne presently has a consensus rating of “Reduce”.

SoftwareOne Trading Down 0.2%

The business has a fifty day moving average price of $10.75 and a 200-day moving average price of $10.01.

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.