The Sage Group (OTCMKTS:SGGEF) Shares Down 3.3% – Here’s Why

The Sage Group plc (OTCMKTS:SGGEF)’s share price dropped 3.3% during mid-day trading on Wednesday . The company traded as low as $15.31 and last traded at $15.50. Approximately 7,258 shares changed hands during mid-day trading, an increase of 148% from the average daily volume of 2,926 shares. The stock had previously closed at $16.03.

The Sage Group Stock Performance

The company’s 50-day moving average is $15.19 and its 200 day moving average is $14.04.

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.