The Sage Group (LON:SGE) Stock Passes Above 200-Day Moving Average - Time to Sell?

The Sage Group plc (LON:SGE - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,255.70 ($16.89) and traded as high as GBX 1,281 ($17.23). The Sage Group shares last traded at GBX 1,268.50 ($17.06), with a volume of 4,050,857 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital restated a "hold" rating on shares of The Sage Group in a research note on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of GBX 3,446.67 ($46.35).

The Sage Group Price Performance

The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 114.00. The company has a market cap of £12.44 billion, a PE ratio of 48.87, a P/E/G ratio of 1.22 and a beta of 0.53. The stock has a 50-day simple moving average of GBX 1,234.34 and a 200 day simple moving average of GBX 1,255.06.

The Sage Group (LON:SGE - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported GBX 20.80 ($0.28) earnings per share (EPS) for the quarter. The Sage Group had a return on equity of 24.48% and a net margin of 11.87%. Equities 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.

About The 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.