Sage Group (OTCMKTS:SGPYY) Hits New 12-Month Low – Time to Sell?

Sage Group PLC (OTCMKTS:SGPYY)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $49.38 and last traded at $49.38, with a volume of 2269 shares traded. The stock had previously closed at $52.75.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SGPYY. Zacks Research upgraded Sage Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Canaccord Genuity Group upgraded shares of Sage Group from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, UBS Group raised Sage Group from a “hold” rating to a “buy” rating in a report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Sage Group Stock Down 9.3%

The company has a debt-to-equity ratio of 2.17, a current ratio of 0.64 and a quick ratio of 0.64. The business has a 50-day simple moving average of $57.00 and a two-hundred day simple moving average of $59.28.

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.