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

Microlise Group plc (LON:SAAS)’s stock price reached a new 52-week low on Monday . The stock traded as low as GBX 58 and last traded at GBX 59, with a volume of 141683 shares changing hands. The stock had previously closed at GBX 60.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SAAS. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 191 target price on shares of Microlise Group in a report on Monday, February 2nd. Berenberg Bank lowered their price target on Microlise Group from GBX 210 to GBX 145 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Microlise Group presently has a consensus rating of “Buy” and a consensus price target of GBX 168.

Microlise Group Stock Up 6.2%

The stock’s fifty day simple moving average is GBX 79.60 and its 200-day simple moving average is GBX 102.96. The stock has a market cap of £69.54 million, a P/E ratio of -87.82 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.

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