Microlise Group (LON:SAAS) Sets New 52-Week Low – Here’s Why

Microlise Group plc (LON:SAAS) shares hit a new 52-week low on Tuesday . The stock traded as low as GBX 70.03 and last traded at GBX 71, with a volume of 34434 shares. The stock had previously closed at GBX 76.30.

Analyst Upgrades and Downgrades

Several brokerages have commented on SAAS. Berenberg Bank decreased their price target on shares of Microlise Group from GBX 210 to GBX 145 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 191 target price on shares of Microlise Group in a report on Monday, February 2nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 168.

Microlise Group Stock Down 1.4%

The stock has a fifty day moving average price of GBX 88 and a 200-day moving average price of GBX 109.38. The firm has a market cap of £81.16 million, a PE ratio of -102.49 and a beta of 0.19. 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