Sage Group (OTCMKTS:SGPYY) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Sage Group PLC (OTCMKTS:SGPYY) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $46.28 and traded as high as $55.35. Sage Group shares last traded at $55.32, with a volume of 9,483 shares.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SGPYY. Jefferies Financial Group reiterated a “buy” rating on shares of Sage Group in a research note on Wednesday, July 29th. Citigroup reaffirmed a “buy” rating on shares of Sage Group in a report on Thursday, July 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of Sage Group in a report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Sage Group in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Sage Group Price Performance

The stock’s 50-day moving average price is $46.49 and its 200-day moving average price is $46.93.

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.