The Sage Group (OTCMKTS:SGPYY) Stock Passes Below 50 Day Moving Average – What’s Next?

The Sage Group plc (OTCMKTS:SGPYY) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $53.72 and traded as low as $52.60. The Sage Group shares last traded at $52.60, with a volume of 21,670 shares traded.

Analysts Set New Price Targets

Separately, Barclays upgraded The Sage Group to a “strong sell” rating in a report on Wednesday, July 31st.

The Sage Group Stock Performance

The business has a fifty day simple moving average of $53.60 and a two-hundred day simple moving average of $56.22.

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.