Sage Group (OTCMKTS:SGPYY) Shares Gap Up – Here’s What Happened

Sage Group PLC (OTCMKTS:SGPYY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $45.76, but opened at $49.00. Sage Group shares last traded at $49.05, with a volume of 2,662 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SGPYY shares. Zacks Research lowered Sage Group from a “strong-buy” rating to a “hold” rating in a 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 analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy”.

Sage Group Price Performance

The company’s fifty day moving average is $47.07 and its 200-day moving average is $50.77. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 2.17.

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.