Sage Group (OTCMKTS:SGPYY) Hits New 1-Year Low – Here’s What Happened

Sage Group PLC (OTCMKTS:SGPYY) hit a new 52-week low during trading on Tuesday . The company traded as low as $42.93 and last traded at $43.0950, with a volume of 20851 shares trading hands. The stock had previously closed at $44.12.

Wall Street Analysts Forecast Growth

SGPYY has been the subject of several research reports. Canaccord Genuity Group upgraded Sage Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Zacks Research raised shares of Sage Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Finally, UBS Group upgraded shares of Sage Group from a “hold” rating to a “buy” rating in a research note on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat.com, Sage Group currently has an average rating of “Buy”.

Sage Group Stock Performance

The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 2.17. The firm has a fifty day simple moving average of $54.66 and a 200 day simple moving average of $57.75.

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.