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

Sage Group PLC (OTCMKTS:SGPYY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $58.48, but opened at $56.41. Sage Group shares last traded at $58.20, with a volume of 573 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Zacks Research downgraded shares of Sage Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Canaccord Genuity Group upgraded Sage Group from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Sage Group Stock Performance

The stock’s fifty day moving average price is $58.76 and its 200 day moving average price is $61.40. 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.