The Sage Group (OTCMKTS:SGPYY) Share Price Crosses Above 50-Day Moving Average of $39.70

The Sage Group plc (OTCMKTS:SGPYY – Get Rating) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $39.70 and traded as high as $42.93. The Sage Group shares last traded at $42.32, with a volume of 5,769 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. BNP Paribas downgraded The Sage Group from an “outperform” rating to a “neutral” rating in a research report on Friday, March 17th. JPMorgan Chase & Co. lifted their target price on The Sage Group from GBX 780 ($9.70) to GBX 860 ($10.70) in a report on Thursday, May 18th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, The Sage Group currently has an average rating of “Hold” and a consensus price target of $806.00.

The Sage Group Stock Performance

The company has a 50 day simple moving average of $39.70 and a 200-day simple moving average of $38.10. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.75.

About The Sage Group

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The Sage Group plc engages in the provision of business management solutions. It offers accounting, enterprise resource planning and payroll software. It operates through the following business segments: Northern Europe, Central and Southern Europe, and North America. The company was founded by David Goldman, Paul Muller, and Graham Wylie in 1981 and is headquartered in Newcastle-upon-Tyne, the United Kingdom.