Microlise Group (LON:SAAS) Sets New 1-Year Low – Here’s Why

Microlise Group plc (LON:SAAS) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 65 and last traded at GBX 66, with a volume of 137113 shares. The stock had previously closed at GBX 68.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SAAS shares. Berenberg Bank dropped their price objective on shares of Microlise Group from GBX 210 to GBX 145 and set a “buy” rating for the company in a report on Wednesday, November 26th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 191 price target on shares of Microlise Group in a research note on Monday, February 2nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 168.

Microlise Group Stock Down 2.9%

The business has a 50-day moving average of GBX 87 and a 200-day moving average of GBX 108.52. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.08 and a current ratio of 1.03. The stock has a market capitalization of £76.52 million, a price-to-earnings ratio of -96.63 and a beta of 0.19.

About Microlise Group

Microlise is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions

These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience

Established in 1982, Microlise is an award-winning business with around 350 employees based at the Group’s headquarters in Nottingham, as part of a total staff of 500 globally with international offices in France, India and Australia