Microlise Group (LON:SAAS) Hits New 52-Week Low – What’s Next?

Microlise Group plc (LON:SAAS) shares reached a new 52-week low on Thursday . The stock traded as low as GBX 41 and last traded at GBX 41.50, with a volume of 59357 shares traded. The stock had previously closed at GBX 42.50.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut shares of Microlise Group to a “buy” rating and cut their target price for the company from GBX 191 to GBX 166 in a research note on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Microlise Group has an average rating of “Buy” and a consensus price target of GBX 155.50.

Microlise Group Trading Down 1.9%

The company has a quick ratio of 1.08, a current ratio of 1.01 and a debt-to-equity ratio of 5.70. The business’s fifty day moving average is GBX 54.98 and its two-hundred day moving average is GBX 79.18. The firm has a market cap of £47.76 million, a price-to-earnings ratio of -60.31 and a beta of 0.43.

Microlise Group (LON:SAAS) last posted its quarterly earnings results on Thursday, May 14th. The company reported GBX 1.72 earnings per share (EPS) for the quarter. The business had revenue of GBX 8,403 million for the quarter. Microlise Group had a negative return on equity of 3.09% and a negative net margin of 2.58%. Equities analysts anticipate that Microlise Group plc will post 5.5260831 earnings per share for the current fiscal year.

Microlise Group Company Profile

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