Sage Group (OTCMKTS:SGPYY) Hits New 1-Year Low – Should You Sell?

Shares of Sage Group PLC (OTCMKTS:SGPYY) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $44.95 and last traded at $45.0425, with a volume of 2284 shares. The stock had previously closed at $46.83.

Analyst Upgrades and Downgrades

Several research firms have commented on SGPYY. UBS Group raised shares of Sage Group from a “hold” rating to a “buy” rating in a report on Monday, January 12th. Zacks Research raised shares of Sage Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Finally, Canaccord Genuity Group raised shares of Sage Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Sage Group Trading Down 0.2%

The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 2.17. The company has a fifty day moving average price of $56.16 and a 200 day moving average price of $58.67.

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.