Sage Group (OTCMKTS:SGPYY) Trading Down 0.5% - Time to Sell?

Key Points

• Sage Group's share price decreased by 0.5%, ending the day at $58.89 after trading as low as $58.79.
• Recent analyst ratings show mixed sentiment, with two analysts rating it as "Buy" and one as "Hold", resulting in a consensus of "Moderate Buy".
• The stock has a 50-day moving average price of $60.36, indicating potential volatility in the near term given its current trading price.

Sage Group PLC (OTCMKTS:SGPYY - Get Free Report)'s share price fell 0.5% during trading on Wednesday . The stock traded as low as $58.79 and last traded at $58.89. 113,717 shares traded hands during mid-day trading, an increase of 204% from the average session volume of 37,408 shares. The stock had previously closed at $59.21.

Analyst Ratings Changes

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

Sage Group Stock Performance

The stock has a 50 day moving average price of $60.36 and a two-hundred day moving average price of $63.57.

Sage Group Company Profile

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.

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