The Sage Group (OTCMKTS:SGPYY) Sets New 52-Week High - Here's What Happened

The Sage Group plc (OTCMKTS:SGPYY - Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as $69.38 and last traded at $69.38, with a volume of 25269 shares trading hands. The stock had previously closed at $67.89.

The Sage Group Stock Down 2.0%

The business's 50-day simple moving average is $65.19 and its two-hundred day simple moving average is $64.75. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.76 and a current ratio of 0.76.

The Sage Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, July 11th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.3366 per share. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, May 30th.

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.