Sage Group (OTCMKTS:SGPYY) Shares Gap Down – Time to Sell?

Shares of Sage Group PLC (OTCMKTS:SGPYY) gapped down prior to trading on Friday . The stock had previously closed at $46.51, but opened at $44.46. Sage Group shares last traded at $44.48, with a volume of 1,183 shares trading hands.

Analysts Set New Price Targets

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

Sage Group Stock Down 0.8%

The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.64 and a current ratio of 0.64. The firm’s fifty day moving average price is $47.04 and its two-hundred day moving average price is $50.86.

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.