Sage Group PLC (OTCMKTS:SGPYY – Get Free Report) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 27,466 shares, a drop of 63.6% from the April 15th total of 75,541 shares. Based on an average daily volume of 66,155 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s stock are sold short.
Sage Group Trading Down 0.2%
Shares of Sage Group stock opened at $46.47 on Friday. The business’s fifty day moving average price is $46.47 and its two-hundred day moving average price is $51.78. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 2.17. Sage Group has a 1-year low of $41.99 and a 1-year high of $69.79.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Zacks Research lowered Sage Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. Canaccord Genuity Group upgraded Sage Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. One research 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. According to MarketBeat, the company presently has an average rating of “Buy”.
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.
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