Sage Group (OTCMKTS:SGPYY) Sees Strong Trading Volume - Should You Buy?

Key Points

• Sage Group PLC experienced a significant trading volume increase of 112%, with 82,947 shares traded on Tuesday, up from 39,082 shares in the previous session.
• Wall Street analysts have mixed views on Sage Group, with two analysts rating the stock as "Buy" and one as "Hold," resulting in a consensus rating of "Moderate Buy."
• The stock's current trading price is $59.59, which is lower than its 50-day and 200-day simple moving averages of $63.24 and $64.16 respectively.

Shares of Sage Group PLC (OTCMKTS:SGPYY - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 82,947 shares changed hands during mid-day trading, an increase of 112% from the previous session's volume of 39,082 shares.The stock last traded at $59.59 and had previously closed at $58.94.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SGPYY shares. Zacks Research downgraded Sage Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Jefferies Financial Group restated a "buy" rating on shares of Sage Group in a report on Wednesday, June 25th. Finally, Oddo Bhf initiated coverage on Sage Group in a report on Thursday, July 10th. They issued an "outperform" rating for the company. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Sage Group currently has an average rating of "Moderate Buy".

Sage Group Trading Down 0.9%

The firm has a 50-day moving average of $62.62 and a 200 day moving average of $64.00.

About Sage Group

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.