Microlise Group (LON:SAAS) Reaches New 52-Week Low – Should You Sell?

Microlise Group plc (LON:SAAS) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 90 and last traded at GBX 92, with a volume of 89717 shares. The stock had previously closed at GBX 93.

Analyst Upgrades and Downgrades

Several analysts recently commented on SAAS shares. Canaccord Genuity Group lowered their target price on Microlise Group from GBX 199 to GBX 191 and set a “buy” rating on the stock in a research report on Monday, November 24th. 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 report on Wednesday, November 26th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 168.

Microlise Group Stock Down 1.1%

The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.08 and a current ratio of 1.25. The stock’s fifty day simple moving average is GBX 96.76 and its two-hundred day simple moving average is GBX 118.24. The company has a market capitalization of £106.67 million, a price-to-earnings ratio of -134.70 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