The Sage Group (LON:SGE) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Shares of The Sage Group plc (LON:SGE - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,255.70 ($16.86) and traded as high as GBX 1,281 ($17.20). The Sage Group shares last traded at GBX 1,268.50 ($17.03), with a volume of 4,050,857 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a "hold" rating on shares of The Sage Group in a research report on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of GBX 3,446.67 ($46.27).

The Sage Group Price Performance

The company has a debt-to-equity ratio of 114.00, a current ratio of 0.76 and a quick ratio of 0.58. The stock has a 50 day moving average price of GBX 1,226.15 and a two-hundred day moving average price of GBX 1,255.70. The firm has a market capitalization of £12.55 billion, a price-to-earnings ratio of 49.31, a PEG ratio of 1.22 and a beta of 0.53.

The Sage Group (LON:SGE - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported GBX 20.80 ($0.28) earnings per share for the quarter. The Sage Group had a return on equity of 24.48% and a net margin of 11.87%. As a group, analysts expect that The Sage Group plc will post 42.1496095 EPS for the current year.

The Sage Group declared that its board has approved a stock buyback program on Thursday, May 15th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

The 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.