Sage Group (OTCMKTS:SGPYY) Shares Gap Down – Time to Sell?

Sage Group PLC (OTCMKTS:SGPYYGet Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $46.51, but opened at $44.46. Sage Group shares last traded at $44.48, with a volume of 1,183 shares trading hands.

Analyst Ratings Changes

A number of research analysts have 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 lowered Sage Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Sage Group currently has a consensus rating of “Buy”.

Read Our Latest Analysis on SGPYY

Sage Group Price Performance

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 company has a 50-day moving average of $47.04 and a 200 day moving average of $50.86.

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.

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