Sage Group PLC (OTCMKTS:SGPYY – Get Free Report) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 7,886 shares, a growth of 3,882.8% from the February 26th total of 198 shares. Based on an average daily volume of 210,327 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.
Sage Group Stock Performance
SGPYY opened at $43.17 on Thursday. The business’s 50-day moving average price is $47.28 and its two-hundred day moving average price is $54.78. Sage Group has a 1 year low of $41.99 and a 1 year high of $69.79. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.64 and a quick ratio of 0.64.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the stock. Canaccord Genuity Group raised shares of Sage Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. UBS Group upgraded shares of Sage Group from a “hold” rating to a “buy” rating in a research report on Monday, January 12th. Finally, Zacks Research downgraded 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 assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy”.
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.
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