Sage Group (OTCMKTS:SGPYY) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Sage Group (OTCMKTS:SGPYY) from a hold rating to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

A number of other research firms have also recently commented on SGPYY. UBS Group raised shares of Sage Group from a “hold” rating to a “buy” rating in a research report on Monday, January 12th. Canaccord Genuity Group raised shares of Sage Group from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. One 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Sage Group Stock Down 3.4%

Shares of OTCMKTS:SGPYY opened at $52.93 on Wednesday. The business’s 50-day simple moving average is $57.17 and its 200 day simple moving average is $59.60. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 2.17. Sage Group has a one year low of $52.03 and a one year high of $69.79.

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.