Sage Group (OTCMKTS:SGPYY) Shares Gap Up – Still a Buy?

Sage Group PLC (OTCMKTS:SGPYY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $46.8830, but opened at $49.66. Sage Group shares last traded at $49.42, with a volume of 424 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SGPYY. 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. Zacks Research cut shares of Sage Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. One investment 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Sage Group Price Performance

The company’s 50-day moving average price is $46.59 and its 200 day moving average price is $51.57. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.64 and a quick ratio of 0.64.

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.