Sage Group (OTCMKTS:SGPYY) Stock Crosses Below 50 Day Moving Average – What’s Next?

Sage Group PLC (OTCMKTS:SGPYY)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $47.04 and traded as low as $44.77. Sage Group shares last traded at $45.76, with a volume of 28,343 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Canaccord Genuity Group upgraded shares of Sage Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Zacks Research lowered Sage Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Sage Group Trading Down 1.6%

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’s 50-day simple moving average is $47.04 and its 200 day simple moving average is $50.86.

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.