Microlise Group (LON:SAAS) Sets New 1-Year Low – Should You Sell?

Microlise Group plc (LON:SAAS)’s stock price reached a new 52-week low on Monday . The stock traded as low as GBX 79.98 and last traded at GBX 80.60, with a volume of 19886 shares traded. The stock had previously closed at GBX 80.80.

Wall Street Analysts Forecast Growth

SAAS has been the subject of a number of research analyst reports. Berenberg Bank decreased their price target 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 reaffirmed a “buy” rating and issued a GBX 191 price objective on shares of Microlise Group in a report on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 168.

Microlise Group Trading Down 0.2%

The firm has a market capitalization of £93.45 million, a price-to-earnings ratio of -118.01 and a beta of 0.19. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.08 and a current ratio of 1.25. The company has a 50 day moving average price of GBX 92.20 and a two-hundred day moving average price of GBX 114.05.

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