Sage Group (OTCMKTS:SGPYY) Sets New 52-Week Low – Here’s Why

Sage Group PLC (OTCMKTS:SGPYY)’s stock price 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 traded. The stock had previously closed at $46.83.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SGPYY. UBS Group upgraded Sage Group from a “hold” rating to a “buy” rating in a report on Monday, January 12th. Canaccord Genuity Group upgraded shares of Sage Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, Zacks Research upgraded shares of Sage Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Sage Group Stock Down 0.2%

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 company has a fifty day moving average of $56.16 and a 200-day moving average 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.