Sage Group (OTCMKTS:SGPYY) Stock Passes Below Fifty Day Moving Average - What's Next?

Key Points

• Sage Group PLC's stock price has fallen below its fifty day moving average of $64.65, trading as low as $58.32.
• Analysts are split on Sage Group, with Jefferies maintaining a "buy" rating, while Zacks downgraded the stock from a "strong-buy" to a "hold".
• Currently, Sage Group holds an average rating of "Moderate Buy" based on ratings from three research analysts.

Sage Group PLC (OTCMKTS:SGPYY - Get Free Report)'s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $64.65 and traded as low as $58.32. Sage Group shares last traded at $58.68, with a volume of 18,172 shares.

Analyst Upgrades and Downgrades

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

Sage Group Stock Up 0.1%

The company has a 50-day simple moving average of $64.48 and a two-hundred day simple moving average of $64.49.

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.