SAGE GRP PLC/GDR (OTCMKTS:SGPYY) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of SAGE GRP PLC/GDR (OTCMKTS:SGPYY) from a sell rating to a hold rating in a research note released on Thursday, Zacks.com reports.

According to Zacks, “The Sage Group plc supplies business management software, services and support to small and medium sized businesses. The Company’s products includes accounting, payroll, customer relationship management, financial forecasting, payment processing, job costing, human resources, business intelligence, taxation and other products for accountants, business stationery, development platforms, e-business and enterprise resource planning. Sage Group’s products find its application in the healthcare, human resource and payroll, construction/real estate, transport/distribution, payment processing, accountancy, manufacturing, retail, and automotive distribution industries. The products offered by the Company are majorly developed and supported locally. The Sage Group plc is headquartered in Newcastle upon Tyne, the United Kingdom. “

Shares of SGPYY stock traded down $0.14 on Thursday, reaching $37.49. The company had a trading volume of 5,217 shares, compared to its average volume of 6,642. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.56. The stock has a market cap of $10.92 billion, a PE ratio of 26.97 and a beta of 0.88. The company has a 50-day moving average of $36.51 and a 200-day moving average of $37.12. SAGE GRP PLC/GDR has a 12 month low of $28.93 and a 12 month high of $41.92.

SAGE GRP PLC/GDR Company Profile

The Sage Group plc, together with its subsidiaries, provides technology solutions and services. It offers Sage business cloud accounting solution; Sage business cloud financials, a solution that provides real-time source of information; Sage business cloud people, a cloud HR and people system; Sage business cloud enterprise management, a solution for managing the business; and Sage Intacct, a solution for CFOs to access integrated management and financial reports across the business entities.

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