Microlise Group (LON:SAAS) Trading Down 3.1% – What’s Next?

Microlise Group plc (LON:SAAS) fell 3.1% during trading on Monday . The company traded as low as GBX 49 and last traded at GBX 49.41. Approximately 407,103 shares changed hands during mid-day trading, an increase of 112% from the average daily volume of 192,044 shares. The stock had previously closed at GBX 51.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 166 price target on shares of Microlise Group in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Microlise Group presently has a consensus rating of “Buy” and a consensus price target of GBX 155.50.

Microlise Group Stock Down 3.1%

The business has a 50-day moving average of GBX 41.51 and a 200 day moving average of GBX 53.73. The company has a market capitalization of £57.31 million, a PE ratio of -26.42 and a beta of 0.38. The company has a debt-to-equity ratio of 5.70, a current ratio of 1.01 and a quick ratio of 1.08.

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.