Sage Group (OTCMKTS:SGPYY) Reaches New 12-Month Low – What’s Next?

Shares of Sage Group PLC (OTCMKTS:SGPYY) hit a new 52-week low during trading on Tuesday . The stock 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 Ratings Changes

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

Sage Group Stock Performance

The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.64 and a current ratio of 0.64. The business has a fifty day moving average of $56.58 and a 200-day moving average of $59.04.

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.