The Sage Group (OTCMKTS:SGPYY) Shares Cross Above 50-Day Moving Average – What’s Next?

The Sage Group plc (OTCMKTS:SGPYY) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $53.45 and traded as high as $53.48. The Sage Group shares last traded at $53.32, with a volume of 15,700 shares trading hands.

Wall Street Analyst Weigh In

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

The Sage Group Price Performance

The firm has a 50 day moving average of $53.45 and a two-hundred day moving average of $55.03.

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.