Sage Group (OTCMKTS:SGPYY) Shares Gap Up – Here’s What Happened

Sage Group PLC (OTCMKTS:SGPYY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $45.76, but opened at $49.00. Sage Group shares last traded at $49.05, with a volume of 2,662 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SGPYY. Zacks Research downgraded Sage Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. Canaccord Genuity Group raised Sage Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Sage Group Trading Up 6.3%

The stock’s 50 day simple moving average is $47.07 and its 200-day simple moving average is $50.77. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.64 and a current ratio of 0.64.

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.