Sage Group PLC (OTCMKTS:SGPYY) Sees Large Decrease in Short Interest

Sage Group PLC (OTCMKTS:SGPYYGet Free Report) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 27,466 shares, a decline of 63.6% from the April 15th total of 75,541 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 66,155 shares, the short-interest ratio is currently 0.4 days.

Sage Group Stock Up 0.8%

OTCMKTS SGPYY traded up $0.39 on Thursday, hitting $46.94. 14,044 shares of the company’s stock were exchanged, compared to its average volume of 85,666. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.64 and a current ratio of 0.64. The firm’s 50-day moving average price is $46.45 and its two-hundred day moving average price is $51.89. Sage Group has a fifty-two week low of $41.99 and a fifty-two week high of $69.79.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Canaccord Genuity Group upgraded Sage Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Zacks Research cut Sage Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Sage Group has an average rating of “Buy”.

Check Out Our Latest Report on Sage Group

About Sage Group

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Sage Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sage Group and related companies with MarketBeat.com's FREE daily email newsletter.