Microlise Group (LON:SAAS) Stock Price Up 12.5% – Still a Buy?

Microlise Group plc (LON:SAAS)’s stock price shot up 12.5% during trading on Friday. The company traded as high as GBX 63 and last traded at GBX 63. Approximately 335,989 shares changed hands during mid-day trading, an increase of 95% from the average session volume of 172,305 shares. The stock had previously closed at GBX 56.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 155 target price on shares of Microlise Group in a research report on Tuesday, September 22nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 150.

Microlise Group Price Performance

The company has a quick ratio of 1.08, a current ratio of 1.05 and a debt-to-equity ratio of 6.61. The stock’s 50-day moving average price is GBX 48.30 and its 200 day moving average price is GBX 47.92. The firm has a market cap of £73.07 million, a price-to-earnings ratio of -30.00 and a beta of 0.38.

Microlise Group (LON:SAAS) last announced its quarterly earnings data on Wednesday, September 23rd. The company reported GBX 1.20 earnings per share for the quarter. Microlise Group had a negative return on equity of 3.58% and a negative net margin of 3.05%. Equities research analysts predict that Microlise Group plc will post 5.5260831 earnings per share for the current year.

About Microlise Group

Microlise Group Plc is a leading provider of transport and fleet technology to transport and logistic 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 over 2,500 clients, and a global workforce of 730 across the Group’s headquarters in Nottingham in the UK, and offices in France, Australia, and India.

Microlise is listed on the AIM market of the London Stock Exchange (AIM: SAAS) and qualifies for the London Stock Exchange’s Green Economy Mark.