Microlise Group (LON:SAAS) Sets New 12-Month Low – Time to Sell?

Microlise Group plc (LON:SAAS)’s share price hit a new 52-week low during trading on Monday . The company traded as low as GBX 79.98 and last traded at GBX 80.60, with a volume of 19886 shares changing hands. The stock had previously closed at GBX 80.80.

Wall Street Analysts Forecast Growth

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

Microlise Group Price Performance

The company has a market cap of £93.45 million, a PE ratio of -118.01 and a beta of 0.19. The company has a quick ratio of 1.08, a current ratio of 1.25 and a debt-to-equity ratio of 2.38. The stock has a 50-day simple moving average of GBX 92.20 and a 200 day simple moving average of GBX 114.05.

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