Sage Group (OTCMKTS:SGPYY) Hits New 12-Month Low – What’s Next?

Sage Group PLC (OTCMKTS:SGPYY) reached a new 52-week low during trading on Friday . The company traded as low as $55.21 and last traded at $55.21, with a volume of 5511 shares trading hands. The stock had previously closed at $56.51.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SGPYY. Zacks Research cut Sage Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Canaccord Genuity Group raised Sage Group from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Sage Group Stock Performance

The firm has a 50-day moving average of $59.70 and a 200 day moving average of $63.09.

Sage Group Company Profile

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.