Sage Group PLC (OTCMKTS:SGPYY – Get Free Report) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 1,983 shares, a decline of 48.3% from the December 31st total of 3,836 shares. Based on an average daily volume of 102,260 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 102,260 shares, the short-interest ratio is presently 0.0 days.
Sage Group Price Performance
SGPYY opened at $52.23 on Friday. Sage Group has a one year low of $52.03 and a one year high of $69.79. The company has a fifty day moving average price of $57.09 and a 200-day moving average price of $59.45. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.64 and a current ratio of 0.64.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on SGPYY. Canaccord Genuity Group upgraded shares of Sage Group from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Zacks Research raised Sage Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, UBS Group upgraded Sage Group from a “hold” rating to a “buy” rating in a research note on Monday, January 12th. One 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. According to data from MarketBeat, the company presently has an average rating of “Buy”.
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.
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