Microlise Group (LON:SAAS) Shares Climb 12.5% – Here’s What Happened

Microlise Group plc (LON:SAAS – Get Free Report) traded up 12.5% during trading on Friday. The stock traded as high as GBX 63 and last traded at GBX 63. Approximately 335,989 shares changed hands during mid-day trading, an increase of 95% from the average session volume of 172,305 shares. The stock had previously closed at GBX 56.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 155 price target on shares of Microlise Group in a research report on Tuesday, September 22nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 150.

View Our Latest Stock Report on SAAS

Microlise Group Stock Up 12.5%

The business’s 50 day simple moving average is GBX 48.30 and its 200-day simple moving average is GBX 47.92. The company has a debt-to-equity ratio of 6.61, a quick ratio of 1.08 and a current ratio of 1.05. The company has a market cap of £73.07 million, a price-to-earnings ratio of -30.00 and a beta of 0.38.

Microlise Group (LON:SAAS – Get Free Report) last announced its quarterly earnings data on Wednesday, September 23rd. The company reported GBX 1.20 earnings per share (EPS) for the quarter. Microlise Group had a negative return on equity of 3.58% and a negative net margin of 3.05%. Sell-side analysts expect that Microlise Group plc will post 5.5260831 earnings per share for the current year.

About Microlise Group

(Get Free Report)

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.

Further Reading

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