Sage Group (OTCMKTS:SGPYY) Sets New 52-Week Low – Should You Sell?

Shares of Sage Group PLC (OTCMKTS:SGPYY) reached a new 52-week low on Wednesday . The company traded as low as $54.8350 and last traded at $54.8350, with a volume of 50414 shares trading hands. The stock had previously closed at $55.74.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. UBS Group upgraded shares of Sage Group from a “hold” rating to a “buy” rating in a report on Monday, January 12th. Canaccord Genuity Group raised shares of Sage Group from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Finally, Zacks Research lowered Sage Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Sage Group Trading Down 1.0%

The company’s 50 day moving average is $57.50 and its 200 day moving average is $60.08. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 2.17.

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.