Sage Group (OTCMKTS:SGPYY) Shares Gap Up – Here’s What Happened

Sage Group PLC (OTCMKTS:SGPYY) shares gapped up before the market opened on Monday . The stock had previously closed at $45.76, but opened at $49.00. Sage Group shares last traded at $49.05, with a volume of 2,662 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Sage Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Sage Group Trading Down 4.1%

The company’s fifty day moving average is $47.16 and its two-hundred day moving average is $50.70. 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 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.