Microlise Group (LON:SAAS) Reaches New 52-Week Low – What’s Next?

Microlise Group plc (LON:SAAS)’s share price reached a new 52-week low during trading on Monday . The company traded as low as GBX 78 and last traded at GBX 80, with a volume of 15431 shares traded. The stock had previously closed at GBX 80.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SAAS. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 191 target price on shares of Microlise Group in a report on Monday, February 2nd. Berenberg Bank decreased their price objective on shares of Microlise Group from GBX 210 to GBX 145 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 168.

Microlise Group Price Performance

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 has a market cap of £90.44 million, a price-to-earnings ratio of -114.20 and a beta of 0.19. The business’s fifty day simple moving average is GBX 89.80 and its 200 day simple moving average is GBX 111.16.

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