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

Sage Group PLC (OTCMKTS:SGPYY)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $42.93 and last traded at $43.0950, with a volume of 20851 shares traded. The stock had previously closed at $44.12.

Wall Street Analysts Forecast Growth

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

Sage Group Trading Down 1.7%

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 stock’s 50-day moving average is $54.66 and its 200 day moving average is $57.75.

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.