Sage Group (OTCMKTS:SGPYY) Sets New 1-Year Low – What’s Next?

Sage Group PLC (OTCMKTS:SGPYY)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $41.9836 and last traded at $42.11, with a volume of 53783 shares changing hands. The stock had previously closed at $42.48.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Sage Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Sage Group Stock Down 0.9%

The firm has a fifty day moving average of $47.17 and a 200-day moving average of $49.21. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 2.17.

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.