The Sage Group (OTCMKTS:SGPYY) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of The Sage Group plc (OTCMKTS:SGPYY) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $64.13 and traded as high as $67.17. The Sage Group shares last traded at $67.15, with a volume of 14,157 shares.

The Sage Group Stock Up 1.2%

The company has a 50-day simple moving average of $64.13 and a 200-day simple moving average of $64.47. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.76 and a current ratio of 0.76.

The Sage Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 11th. Investors of record on Monday, June 2nd will be paid a dividend of $0.3366 per share. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, May 30th.

The Sage Group Company Profile

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.