Sage Group (OTCMKTS:SGPYY) Shares Gap Down – Here’s What Happened

Sage Group PLC (OTCMKTS:SGPYY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $46.26, but opened at $44.28. Sage Group shares last traded at $44.03, with a volume of 1,682 shares.

Analyst Ratings Changes

Separately, Zacks Research cut 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 given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Sage Group Stock Up 0.7%

The company has a debt-to-equity ratio of 2.17, a current ratio of 0.64 and a quick ratio of 0.64. The business has a 50-day moving average of $47.59 and a 200-day moving average of $50.05.

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.