Sage Group (OTCMKTS:SGPYY) Shares Pass Below 50-Day Moving Average – Time to Sell?

Shares of Sage Group PLC (OTCMKTS:SGPYY) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $54.66 and traded as low as $43.69. Sage Group shares last traded at $44.12, with a volume of 58,668 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SGPYY shares. Canaccord Genuity Group raised shares of Sage Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Zacks Research raised shares of Sage Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Finally, UBS Group raised Sage Group from a “hold” rating to a “buy” rating in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Sage Group Stock Performance

The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 2.17. The stock’s 50 day simple moving average is $54.66 and its 200 day simple moving average is $57.75.

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.