Sage Group (OTCMKTS:SGPYY) Shares Gap Down – What’s Next?

Sage Group PLC (OTCMKTS:SGPYY) gapped down before the market opened on Thursday . The stock had previously closed at $46.26, but opened at $44.28. Sage Group shares last traded at $44.03, with a volume of 1,682 shares traded.

Analyst Ratings Changes

Separately, Zacks Research cut Sage Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Sage Group Trading Down 4.9%

The company has a 50-day moving average of $47.64 and a 200-day moving average of $50.18. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.64 and a current ratio of 0.64.

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.