Microlise Group (LON:SAAS) Announces Earnings Results

Microlise Group (LON:SAAS) posted its quarterly earnings results on Thursday. The company reported GBX 1.72 earnings per share for the quarter, Digital Look Earnings reports. Microlise Group had a negative net margin of 0.93% and a negative return on equity of 1.09%. The firm had revenue of GBX 8,403 million for the quarter.

Microlise Group Stock Up 1.2%

SAAS opened at GBX 43 on Friday. Microlise Group has a fifty-two week low of GBX 41 and a fifty-two week high of GBX 150. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.03 and a quick ratio of 1.08. The firm’s fifty day moving average price is GBX 60.34 and its two-hundred day moving average price is GBX 84.67. The company has a market capitalization of £49.86 million, a P/E ratio of -62.96 and a beta of 0.43.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group downgraded shares of Microlise Group to a “buy” rating and decreased their price target for the stock from GBX 191 to GBX 166 in a research note on Thursday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 155.50.

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