Sage Group (OTCMKTS:SGPYY) Sets New 12-Month Low – Should You Sell?

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

Wall Street Analyst Weigh In

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

Sage Group Stock Performance

The business has a fifty day simple moving average of $47.17 and a 200 day simple 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.

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.