Microlise Group (LON:SAAS) Shares Down 3.7% – Here’s What Happened

Microlise Group plc (LON:SAAS)’s share price was down 3.7% during trading on Monday . The company traded as low as GBX 48 and last traded at GBX 48.14. Approximately 24,373 shares were traded during trading, a decline of 86% from the average session volume of 178,415 shares. The stock had previously closed at GBX 50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 166 target price on shares of Microlise Group in a research report on Monday, August 3rd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 155.50.

Microlise Group Price Performance

The company’s 50-day moving average is GBX 44.17 and its 200-day moving average is GBX 50.22. The firm has a market cap of £55.83 million, a price-to-earnings ratio of -25.74 and a beta of 0.38. The company has a current ratio of 1.01, a quick ratio of 1.08 and a debt-to-equity ratio of 5.70.

Microlise Group Company Profile

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.