Microlise Group (LON:SAAS) Shares Down 1.6% – Here’s What Happened

Shares of Microlise Group plc (LON:SAAS) fell 1.6% during trading on Friday . The stock traded as low as GBX 94.50 and last traded at GBX 94.50. 15,215 shares were traded during mid-day trading, a decline of 80% from the average session volume of 74,685 shares. The stock had previously closed at GBX 96.

Analyst Ratings Changes

Several research analysts have recently commented on SAAS shares. Canaccord Genuity Group dropped their price target on shares of Microlise Group from GBX 199 to GBX 191 and set a “buy” rating on the stock in a research note on Monday, November 24th. Berenberg Bank decreased their price objective on shares of Microlise Group from GBX 210 to GBX 145 and set a “buy” rating for the company in a report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Microlise Group has a consensus rating of “Buy” and a consensus price target of GBX 168.

Microlise Group Trading Down 1.6%

The company’s fifty day moving average is GBX 104.73 and its 200-day moving average is GBX 119.77. The company has a current ratio of 1.25, a quick ratio of 1.08 and a debt-to-equity ratio of 2.38. The firm has a market capitalization of £109.57 million, a P/E ratio of -138.36 and a beta of 0.19.

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