Microlise Group (LON:SAAS) Sets New 1-Year Low – What’s Next?

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SAAS shares. Berenberg Bank lowered their price target on 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 reiterated a “buy” rating and set a GBX 191 target price 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 data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 168.

Microlise Group Trading Down 3.7%

The firm has a market cap of £75.36 million, a P/E ratio of -95.17 and a beta of 0.09. 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 firm has a fifty day moving average of GBX 85.93 and a 200-day moving average of GBX 107.69.

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