Sage Group (OTCMKTS:SGPYY) Sees Large Volume Increase – Here’s Why

Sage Group PLC (OTCMKTS:SGPYY) saw unusually-high trading volume on Friday . Approximately 53,769 shares were traded during trading, an increase of 21% from the previous session’s volume of 44,517 shares.The stock last traded at $58.06 and had previously closed at $57.91.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Zacks Research cut Sage Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Canaccord Genuity Group upgraded Sage Group from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Sage Group Price Performance

The company has a debt-to-equity ratio of 2.17, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a 50-day moving average price of $57.90 and a 200-day moving average price of $60.64.

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.