Sage Group (OTCMKTS:SGPYY) Sees Large Volume Increase – Here’s What Happened

Sage Group PLC (OTCMKTS:SGPYY) shares saw unusually-high trading volume on Friday . Approximately 53,769 shares changed hands during mid-day trading, an increase of 21% from the previous session’s volume of 44,517 shares.The stock last traded at $58.06 and had previously closed at $57.91.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Zacks Research lowered Sage Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Canaccord Genuity Group raised Sage Group from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Sage Group Trading Down 0.4%

The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.64 and a current ratio of 0.64. The stock’s fifty day simple moving average is $57.96 and its 200-day simple moving average is $60.77.

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.