Microlise Group (LON:SAAS) Hits New 52-Week Low – Here’s What Happened

Microlise Group plc (LON:SAAS) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 58 and last traded at GBX 59, with a volume of 141683 shares. The stock had previously closed at GBX 60.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SAAS shares. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 191 price target on shares of Microlise Group in a research note on Monday, February 2nd. Berenberg Bank dropped 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, the stock has an average rating of “Buy” and a consensus target price of GBX 168.

Microlise Group Trading Down 1.7%

The company has a fifty day simple moving average of GBX 81.07 and a two-hundred day simple moving average of GBX 103.99. The company has a current ratio of 1.03, a quick ratio of 1.08 and a debt-to-equity ratio of 2.95. The company has a market cap of £68.41 million, a PE ratio of -86.38 and a beta of 0.09.

Microlise Group Company Profile

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