Sage Group (OTCMKTS:SGPYY) Sets New 52-Week Low – Time to Sell?

Sage Group PLC (OTCMKTS:SGPYY)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $54.8350 and last traded at $54.8350, with a volume of 50414 shares trading hands. The stock had previously closed at $55.74.

Wall Street Analyst Weigh In

Several analysts recently commented on SGPYY shares. UBS Group upgraded shares of Sage Group from a “hold” rating to a “buy” rating in a research report on Monday, January 12th. Canaccord Genuity Group raised shares of Sage Group from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Finally, Zacks Research lowered Sage Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Sage Group Stock Performance

The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 2.17. The company has a fifty day moving average of $57.33 and a 200-day moving average of $59.94.

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.