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

Microlise Group plc (LON:SAAS) reached a new 52-week low during trading on Monday . The stock traded as low as GBX 55 and last traded at GBX 55.35, with a volume of 72486 shares trading hands. The stock had previously closed at GBX 56.70.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 191 price target on shares of Microlise Group in a research note on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Microlise Group currently has an average rating of “Buy” and an average target price of GBX 168.

Microlise Group Stock Down 2.4%

The firm’s 50-day simple moving average is GBX 77.39 and its 200 day simple moving average is GBX 101.27. 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 £64.18 million, a P/E ratio of -81.04 and a beta of 0.09.

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