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

Sage Group PLC (OTCMKTS:SGPYY)’s stock price 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 changing hands. The stock had previously closed at $57.06.

Wall Street Analysts Forecast Growth

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

Sage Group Stock Down 4.3%

The company has a 50 day simple moving average of $57.34 and a 200 day simple moving average of $59.76. The company has a current ratio of 0.64, a quick 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.