Sage Group PLC (OTCMKTS:SGPYY – Get Free Report) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 1,983 shares, a drop of 48.3% from the December 31st total of 3,836 shares. Based on an average daily volume of 102,260 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 102,260 shares, the days-to-cover ratio is presently 0.0 days.
Sage Group Stock Performance
Sage Group stock opened at $52.23 on Friday. Sage Group has a 12 month low of $52.03 and a 12 month high of $69.79. 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 business has a 50 day simple moving average of $57.09 and a 200-day simple moving average of $59.50.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on SGPYY. UBS Group raised shares of Sage Group from a “hold” rating to a “buy” rating in a report on Monday, January 12th. Zacks Research raised Sage Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Canaccord Genuity Group upgraded Sage Group from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. One 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 company’s stock. According to data from MarketBeat, Sage Group presently has an average rating of “Buy”.
About Sage Group
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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