Sage Group (OTCMKTS:SGPYY) Hits New 12-Month Low – Here’s What Happened

Shares of Sage Group PLC (OTCMKTS:SGPYY) reached a new 52-week low during trading on Monday . The company traded as low as $42.35 and last traded at $42.35, with a volume of 5200 shares. The stock had previously closed at $44.14.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Canaccord Genuity Group upgraded shares of Sage Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Zacks Research raised shares of Sage Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Finally, UBS Group upgraded shares of Sage Group from a “hold” rating to a “buy” rating in a report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat.com, Sage Group has an average rating of “Buy”.

Sage Group Price Performance

The business’s fifty day moving average is $52.89 and its 200-day moving average is $56.89. The company has a quick ratio of 0.64, a current 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.