Sage Group (OTCMKTS:SGPYY) Shares Gap Up – Still a Buy?

Shares of Sage Group PLC (OTCMKTS:SGPYY) gapped up before the market opened on Tuesday . The stock had previously closed at $46.8830, but opened at $49.66. Sage Group shares last traded at $49.42, with a volume of 424 shares changing hands.

Wall Street Analyst Weigh In

SGPYY has been the topic of several recent research reports. Zacks Research lowered shares of Sage Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. Canaccord Genuity Group raised shares of Sage Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Sage Group Price Performance

The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 2.17. The company’s 50-day simple moving average is $46.59 and its two-hundred day simple moving average is $51.57.

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.