Microlise Group (LON:SAAS) Stock Price Down 3.7% – Should You Sell?

Microlise Group plc (LON:SAAS) dropped 3.7% during trading on Monday . The company traded as low as GBX 48 and last traded at GBX 48.14. Approximately 24,373 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 178,415 shares. The stock had previously closed at GBX 50.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 166 price target on shares of Microlise Group in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 155.50.

Microlise Group Trading Down 0.4%

The stock’s fifty day moving average price is GBX 44.32 and its 200 day moving average price is GBX 50.01. The company has a quick ratio of 1.08, a current ratio of 1.01 and a debt-to-equity ratio of 5.70. The stock has a market cap of £56.60 million, a PE ratio of -26.10 and a beta of 0.38.

Microlise Group Company Profile

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.