Sage Group (OTCMKTS:SGPYY) Shares Gap Down – Should You Sell?

Sage Group PLC (OTCMKTS:SGPYY) gapped down before the market opened on Thursday . The stock had previously closed at $59.63, but opened at $55.68. Sage Group shares last traded at $55.67, with a volume of 313 shares.

Wall Street Analyst Weigh In

SGPYY has been the subject of a number of research analyst reports. Zacks Research lowered Sage Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Canaccord Genuity Group raised shares of Sage Group from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Finally, UBS Group upgraded shares of Sage Group from a “hold” rating to a “buy” rating in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Sage Group Trading Down 1.3%

The firm has a 50 day moving average price of $57.74 and a 200-day moving average price of $60.43. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.64 and a current ratio of 0.64.

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.