Sage Group (OTCMKTS:SGPYY) Shares Gap Up – Time to Buy?

Sage Group PLC (OTCMKTS:SGPYY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $43.57, but opened at $45.06. Sage Group shares last traded at $45.1608, with a volume of 3,435 shares traded.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley restated an “overweight” rating on shares of Sage Group in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Sage Group has an average rating of “Buy”.

Sage Group Stock Performance

The business has a 50 day moving average price of $45.41 and a 200-day moving average price of $47.24.

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.