Sage Group (OTCMKTS:SGPYY) Shares Pass Below 50-Day Moving Average – Time to Sell?

Sage Group PLC (OTCMKTS:SGPYY)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $54.66 and traded as low as $43.69. Sage Group shares last traded at $44.12, with a volume of 58,668 shares traded.

Wall Street Analysts Forecast Growth

SGPYY has been the topic of several research analyst reports. UBS Group raised Sage Group from a “hold” rating to a “buy” rating in a research note on Monday, January 12th. Canaccord Genuity Group upgraded shares of Sage Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Finally, Zacks Research raised shares of Sage Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat.com, Sage Group presently has an average rating of “Buy”.

Sage Group Stock Up 1.8%

The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 2.17. The company has a 50-day moving average price of $54.66 and a two-hundred day moving average price of $57.75.

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.