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

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

Wall Street Analyst Weigh In

SGPYY has been the subject of several analyst reports. Zacks Research raised shares of Sage Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Canaccord Genuity Group upgraded Sage Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, UBS Group upgraded Sage Group from a “hold” rating to a “buy” rating in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat.com, Sage Group 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 firm has a 50-day moving average price of $53.52 and a 200-day moving average price of $57.18.

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.