Sage Group (OTCMKTS:SGPYY) Hits New 12-Month Low – Here’s Why

Sage Group PLC (OTCMKTS:SGPYY) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $54.47 and last traded at $54.70, with a volume of 8142 shares trading hands. The stock had previously closed at $57.06.

Analyst Ratings Changes

SGPYY has been the topic of a number of recent research reports. Canaccord Genuity Group upgraded shares of Sage Group from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. UBS Group upgraded Sage Group from a “hold” rating to a “buy” rating in a research note on Monday, January 12th. Finally, Zacks Research lowered Sage Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Sage Group Price Performance

The stock has a fifty day simple moving average of $57.17 and a 200 day simple moving average of $59.60. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 2.17.

Sage Group Company Profile

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.