Sage Group (OTCMKTS:SGPYY) Sets New 52-Week Low – Here’s What Happened

Shares of Sage Group PLC (OTCMKTS:SGPYY) hit a new 52-week low on Thursday . The stock traded as low as $41.9836 and last traded at $42.11, with a volume of 53783 shares. The stock had previously closed at $42.48.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Sage Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Sage Group currently has a consensus rating of “Buy”.

Sage Group Trading Up 2.8%

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 firm has a 50 day moving average price of $46.98 and a two-hundred day moving average price of $49.06.

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.