Sage Group (OTCMKTS:SGPYY) Shares Gap Up – Still a Buy?

Shares of Sage Group PLC (OTCMKTS:SGPYY) gapped up prior to trading on Tuesday . The stock had previously closed at $46.8830, but opened at $49.66. Sage Group shares last traded at $49.42, with a volume of 424 shares trading hands.

Analyst Ratings Changes

Several research firms recently weighed in on SGPYY. Canaccord Genuity Group upgraded Sage Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Zacks Research downgraded Sage Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Sage Group Stock Performance

The firm has a 50 day simple moving average of $46.74 and a 200-day simple moving average of $51.40. 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.