Sage Group PLC (OTCMKTS:SGPYY – Get Free Report) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 7,155 shares, a decline of 77.1% from the May 14th total of 31,261 shares. Based on an average trading volume of 55,674 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
Sage Group Price Performance
Sage Group stock traded down $1.71 during midday trading on Thursday, hitting $44.03. The stock had a trading volume of 1,686 shares, compared to its average volume of 75,675. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 2.17. Sage Group has a 12 month low of $41.99 and a 12 month high of $69.79. The business has a fifty day moving average price of $47.64 and a 200 day moving average price of $50.18.
Analysts Set New Price Targets
Separately, Zacks Research lowered Sage Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.
Sage Group Company Profile
Sage Group plc is a global provider of business management software and services tailored primarily to small and medium-sized enterprises. The company delivers a suite of cloud-based and on-premises solutions designed to simplify accounting, payroll, human resources, enterprise resource planning (ERP) and payment processing. Through its flagship Sage Business Cloud platform, Sage enables customers to manage financials, operations and workforce activities via integrated applications and data analytics.
The company’s product portfolio includes accounting and invoicing tools, payroll management systems, payment solutions and HR management software.
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